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

Big Banc Split Corp > bnk

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Comment by himmleron Mar 21, 2016 10:38am

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Post# 24683179

RE:RE:RE:bnk

LOL and we have barfbag back posting too lol. I think many here havent read the news. because they post nonsense. or they only like to sound stupid.Price fluctuations like today dont mean anything.In the company's news its stated quite clearly that the board recommends to accept the offer...$2.20.Now granted the board represents only %6 of the outstanding shares,however a vote will ensue for the rest of us.
Until then we will be subject to all manner of idiotic B.S...but when it comes to this BB...what else is new???

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