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

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Post by Quick4youon Mar 21, 2016 5:16pm

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Post# 24685319

Bankers Petroleum CEO: Chinese 'very interested' in Canada

Mon, Mar 21, 2016 - 2:15 PM

First on BNN: Canada’s Bankers Petroleum, one of Albania’s largest foreign investors, has agreed to be acquired by China’s Geo-Jade Petroleum Corp. for $575 million. So what will this mean for further M&A activity? And just what is the appetite for Chinese firms to be doing business in Canada? We pose these question to David French, CEO of Bankers Petroleum.

https://www.bnn.ca/Video/player.aspx?vid=833121

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Rig Count Soars as Utilization Surpasses Industry Averages