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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 > Watch for the Albanian...
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Comment by Quanadienon Dec 04, 2015 10:44am
206 Views
Post# 24354400

RE:Watch for the Albanian...

RE:Watch for the Albanian...... this is in every country. Here in Canada, you have the right to exploit the oil and pay royalties for it... but it doesn't mean the oil is yours to keep. What is below the ground belongs to Canada.

I am pretty sure it's the same in USA. That's why you pay royalties for exploiting.
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