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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

Comment by braincloudon Jan 21, 2016 5:52pm
163 Views
Post# 24482215

RE:RE:RE:RE:RE:Curious...$$$$$$

RE:RE:RE:RE:RE:Curious...$$$$$$Looks good on paper at least. That's why I have been so diligent, probably to the point of being nauseating , but I have a great deal of money riding on this baby and I want to make sure this horse finishes the race. If you know what I mean. 
Someone remarked earlier about my frequent postings. I find it very difficult to stand aside and watch some of the misinformed drivel that gets posted. No wonder the market goes into panic mode from time to time. I try and post informed opinion and try and support it with information that hopefully helps the common cause. My repartee with the last goofball ended badly because I put him on the the heap with the rest of the goofballs. I guess that's what makes a market.
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