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 > New - Rookie Question

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Post by slowandsteadycaon Apr 04, 2016 2:48pm

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Post# 24728828

New - Rookie Question

Hey all. I have approx 8K common shares in BNK. Please entertain a rookie question: I am on the east coast and am not interested in travelling out west to a meeting. Two questions: 1) If I wanted to, could I? Like could I show up and say I'm slow and steady I have shares let me in? 2) Can common shareholders vote remotely or through proxy? Normally I don't receive individual shareholder information but of course I'm very interested in the result of this shareholder's meeting.

I know in the grand scheme of things my voice isn't very loud, but should I contact my brokerage or what? What happens to voting shares where the owner doesn't do anything. Are they not included in the vote?

I'll stop asking questions now. Thanks in advance if anyone's willing to shine some light.

Regards

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