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

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Post by downwithdotcom1on Mar 20, 2016 10:26am

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Post# 24680503

selling way to cheap...................

1-payoff certain government officials 2-create turmoil ie tax recovery issues, threaten to tear-up a legally binding PSC that STILL has years to run. 3-buy on the cheap. THIS IS SEEN AS GOOD BUSINESS???...my question thou, is exactly WHY with a number of tax and legal issues in the air that should go in BNK's favour, BNK management is agreeing to sell NOW. this is supposed to be a long term WORLD CLASS asset that would stand the test of time. something sure STINKS here..dwdc

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