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.

TSX:BNK - Post by User

Big Banc Split Corp > yikes!

<< Previous

Bullboard Posts

Next >>

Post by braincloudon Dec 14, 2015 4:16pm

273 Views

Post# 24383287

yikes!

Guys, I have been on the board for a few years now. I understand the story quite well. For sure this story has more moving parts than it did 18 months ago. If worrying about oil wasn't enough then the ALB tax issue comes up just to Fk with your head. It sucks. But try and be objective in your analysis and have a fundamental thesis for oil.

<< Previous

Bullboard Posts

Next >>

Abcourt Mines launches Flordin property drill campaign