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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

Comment by ChupacabraBuenoon Apr 20, 2016 10:01am
119 Views
Post# 24788153

Is tendering your shares equivalent to voting yes?

Is tendering your shares equivalent to voting yes?jubatus, I think the newbies would first need to cast their vote in favour before there will be a possiblity to tender (I think the vote is May 31?). Or perhaps tendering your shares is equivalent to a yes vote?

jubatus1 wrote: For newbies.. call your broker and see when you can tender your shares. Their will be something called the cut off date. From that point on you will be able to tender your shares. Easy 20% for your wallets :-)


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