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.

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Big Banc Split Corp > to all the bvllsheit posters

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Comment by WestCoastEagleon Dec 04, 2015 12:14pm

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RE:RE:RE:to all the bvllsheit posters

It's a shame we havn't been given any updates from the company this week. Obviously there is panic here and rightly so... no news is bad news in most peoples minds. Really wish management would release something before the weekend but doubt it. Gotta say though BC, you've obviously got some brass balls. Thanks for the insight, it's truly appreciated. It's easy for an ameteur (like me) to get sucked up in the panic so great to read comments from someone who knows what they are talking about and has been through some shi* before...

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What will the U.S. election results mean for Canada?