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 > CALGARY, April 20, 2016 /CNW/ - Bankers Petroleum Ltd.

<< Previous

Bullboard Posts

Next >>

Comment by uogradon Apr 20, 2016 6:48pm

211 Views

Post# 24791393

RE:CALGARY, April 20, 2016 /CNW/ - Bankers Petroleum Ltd.

thx for posting. I flipped a bunch out of Crescent Point after an ungodly but very welcome overinflated run and pulled the trigger here on another 15,000 at 1.81 near the close.

Rumours that the LRE deal is close to happen and if so should trigger a quick risk here so glad to buy some more shares and do a double dip win on Crescent Point and another win here.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading