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

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Post by wittmannon Jan 19, 2016 7:59pm

259 Views

Post# 24474609

Time to give it all a rest ..

Old speculations and misinformation on BNK's fortunes or misfortunes all brought to us via posters that are :brand new investors or..just joined stockhouse..what a mix.
Old worn out catch phrases like "backing up the truck'"..or worse yet, Oilcco's getting 'slaughtered '..what nonsense.I havent heard such tripe since '08-09'.
Someones reading to much Yahoo finance.or watching to much Cramers mad money.

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How Canadian investors can benefit from flow-through shares