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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

Big Banc Split Corp > from Weirdpak's post
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Post by braincloudon May 04, 2016 3:42pm
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Post# 24841768

from Weirdpak's post

from Weirdpak's postIf you have not specified on the applicable form of proxy how you want your Common Shares to be voted, then your proxyholder can vote your Common Shares as he or she sees fit. Unless contrary instructions are provided, Common Shares represented by proxies received by management will be voted FOR the Arrangement Resolution to approve the Arrangement. Read more at https://www.stockhouse.com/companies/bullboard/t.bnk/bankers-petroleum-ltd#oiBO1Efwzvdj9FKB.99
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