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.

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Big Banc Split Corp > Lord Skander

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Comment by braincloudon Mar 22, 2016 10:31pm

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Post# 24690816

RE:RE:RE:RE:Lord Skander

Think about it. Do ya think the Geo boys wouldn't have heard something about the audit during the time they worked with the BNK boys? I'm pretty sure they have their eyes wide open. They know all what's going on and there's nothing in the deal that suggests that they wud be free of the break fee either way. If they raise the money $2.20 CDN is what we get. No chance of less unless they walk.

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