Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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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Post by stazon Dec 08, 2015 11:26pm

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Transmitted by CNW Group on : December 8, 2015 19:31 Bankers Petroleum to release 2016 Capital Budget and hold conference call December 15, 2015 CALGARY, Dec. 8, 2015 /CNW/ - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is scheduled to release its 2016 Capital Budget and Work Program on Tuesday, December 15, 2015 at 5:00 am MST (7:00 am EST, 12:00 pm GMT). Following the press release the Management of Bankers will host a conference call along with a question and answer period for analysts and investors at 6:30 am MST (8:30 am EST, 1:30 pm GMT).

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