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 > WOW. That's all I can say at the moment.

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Post by stazon Mar 21, 2016 3:09am

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Post# 24682288

WOW. That's all I can say at the moment.

Will it be halted? Why, for what reason? News is out. Buying lower?Lower than what, $1.11? I was planning to buy in the morning 10K more around $1.10. When I saw the NR, and still yet, I'm rubbing my eyes to find out am I dreaming, am I reading this right. That's too good to be true. $2.20 against $1.11 close on Friday. 100% in 2 days. Wake me up . Who pays double price in times like these? I feel like I won a lottery, not the huge one but pretty BIG one. And still not sure if I checked all the numbers correctly. If I'm not dreaming or hallucinating that'd be the biggest nice surprise in my investment history.

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Canadian government to fund Electric Royalties portfolio property