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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Big Banc Split Corp > The economics just will not work...
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Comment by bmeister2on Dec 01, 2015 11:44am
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Post# 24342854

RE:RE:RE:RE:RE:The economics just will not work...

RE:RE:RE:RE:RE:The economics just will not work...
My sentiments fully. This has got to be resolved quickly, and cleanly,I might add so as not to mar an overall decent relationship to this point. The longer it lasts,the more each side has to lose, so I hope this is where we are at today with each side,but especially the Albanian politicans not losing face. It is a game all right,but it only can have losers, no winners. Let's hope,gang.
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Dealroom for high-potential pre-IPO opportunities