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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 > Seeking Alpha Article on Bankers
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Comment by braincloudon Jan 15, 2016 11:42am
115 Views
Post# 24462113

RE:RE:RE:Seeking Alpha Article on Bankers

RE:RE:RE:Seeking Alpha Article on BankersSeeking Alpha doesn't have some internal research guys. Heck , I could submit an article to them and they'd post it. Some of the stuff is well researched some is just sheit. The guys that write don't have any credentials, so don't take it as gospel.
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