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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Comment by lefmikeon Dec 21, 2015 10:34am

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Post# 24400887

RE:RE:RE:remember

I was wondering what that was all about. I thought it was a delisting from the INDEX not the TSE being under a buck is not a reason to delist, things happen... Also I bet a lot of that crossing and selling, can be attributed to tax loss AND the fact that many funds require the holdings be in a TSX Index. , I expect that by the end of the month or Quarter they have to get rid of those that are no longer in a TSX index. Just my thoughts on that.

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