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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

Big Banc Split Corp > remember
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Comment by MLCNitroon Dec 20, 2015 3:54pm
213 Views
Post# 24399566

RE:RE:remember

RE:RE:remember
I think there's some misunderstanding as to Braincloud's post.  BNK hasn't been delisted nor did he claim that.
BNK was removed from the S&P/TSX Composite index after market close on friday. 

The requirements to be in that index and the requirements to be listed on the Toronto Stock Exchange are two totally different things.

Look it up.
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