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 LongRoadon Apr 20, 2016 11:01pm

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Post# 24792127

Geo-Jade appears to be doing the right things

Geo-Jade also issued a press release that it has received approval from the China Regulatory Securities Commission for a corporate bond issue.

https://www.sse.com.cn/assortment/stock/list/info/announcement/index.shtml?productId=600759

Based on my use of internet translate they have 24 months where they can issue 850 million yuan, which is approximately $170 million CAD.

It appears that on the regulatory front they are doing everything to comply with the public reporting and approval process in China.

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