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 > I rated my own post

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Comment by braincloudon Dec 16, 2015 10:27pm

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Post# 24390534

RE:RE:I rated my own post

It's the dates that I find of particular interest! It sure explains much! Plus the issue of 'will they pay?'Will they comply? Do they have the means to comply? Will BNK need to raise capital? Does the audit set the record straight for future audits? You get the drift. Better to be armed with more information than less. I feel much better, as it eliminates stuff that I'd worry more about! Now I can focus on oil. LOL

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