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 > AGSPO

<< Previous

Bullboard Posts

Next >>

Comment by Allisonbikeon Jan 13, 2016 5:59pm

151 Views

Post# 24455809

RE:RE:RE:RE:RE:RE:RE:AGSPO

For me there are two issues for Bankers- What is Bankers going to have to give the Albania government to allow them to save face, and continue to fund their internal programs. Companies rarely win these fights, even if they are right. And Banker's cash management, I get the feeling the government uses Bankers as a piggy bank when they run into difficulties. Are they going to bleed the company dry if oil stays in the $30s.

<< Previous

Bullboard Posts

Next >>

Meet Canopy USA’s new CEO, Brooks Jorgensen