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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

Comment by braincloudon Dec 07, 2015 7:35pm
110 Views
Post# 24363327

RE:RE:cost recovery 101

RE:RE:cost recovery 101Good40, I'm afraid, thats all you get from me. Find the Agreement on your own. I had to do considerable searching because you have to go back several years. You can also phone the company and I'm sure they will make it available to you. I already posted the definitions to the expences allowed under the agreement. I cut and pasted them. Read them for yourself. It's several paragraphs so you might get bored.
Just look back a few days or search under my moniker. You sound like a reasonable guy, so I'd rather that you find the  stuff as i did, and then we can have a conversation about the worthiness of my contributions. I would much rather that, than spoonfeeding you so that you aren't armed with anything other than what I gave you. Does that make sense? Who knows, I could be all wrong.
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