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 > Done deal approved

<< Previous

Bullboard Posts

Next >>

Comment by uogradon May 17, 2016 12:34pm

185 Views

Post# 24881411

RE:Done deal approved

It is not based on the number of shares voted, it is based on the postive or negative votes of the shares recieved.

If your friend is in charge and he does not know that, that would be quite surprising.

Perhaps you are exaggerating your connections just a wee bit.

<< Previous

Bullboard Posts

Next >>

Southern Ontario mineral processing operation receives green fund support