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 > shareholder meeting two weeks from today

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Comment by casinoon May 16, 2016 8:05pm

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Post# 24879152

RE:RE:shareholder meeting two weeks from today

Management was only concerned about job preservation. Chinese will dump their sorry a$$es if deal does close. French and Co would be better off running the company like they were and then accepting a sweeter offer down the road. If offer does not come BNK will still rise with oil rebound.

BNK is worth more than $2.20

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Paramount Resources signs $3.32 billion asset sale