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 > Have to wonder . . .

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Comment by cashtango00on Feb 11, 2016 9:24am

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Post# 24547138

RE:Have to wonder . . .

yes the Saudis are destroying their own economy so they can scoop up assets on the other side of the world that produces an inferior product at 3x the cost, and once they get it out of the ground, its landlocked because of the lack of oil transportation in Canada, so they are then forced to sell at a discount.......seems reasonable.....

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