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.

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Big Banc Split Corp > Have to wonder . . .

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Comment by jutah70on Feb 11, 2016 9:28am

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Post# 24547166

RE:RE:Have to wonder . . .

Think the land lock issue would get cleared up after someone else but Canada owns those assets? You bet. Oh, and as for the Saudis ability to fund future work, you should see what they have on the go and slated for future construction at home. Owning oilsands assets means they would control their main source of competition. But that doesn't sound like the Saudis kind of thing. OPEC is more ethical than that.

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