Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 > CHuba

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Comment by braincloudon Apr 22, 2016 10:59am

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Post# 24798804

RE:RE:CHuba

Not sure if you are asking me or not. I'm BC, not Brian. LOL. I'm long a small position in CNE and looking at GTE and AOI for something similar to BNK. AOI is more of a developing resource play but GTE and CNE are interesting. CNE is more like a utility with some great margins on NATGAS and GTE has an overhang with some royalty dispute that could cost them $60 million. I think it's going to work out OK in GTE's favour. Not long anything there yet

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@ the Bell: TSX advances to start off Christmas trading week