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 5:38pm

149 Views

Post# 24882822

RE:RE:RE:Done deal approved

No chance that 35% of the share count is against this deal and if your phantom friend does exist he had better higher a good lawyer as he is providing extremely classified information and material information.

What he may be telling you, if he exists, is that they have recieved voting instructions from 68.7 of the voters which would be about 150 million shares.

<< Previous

Bullboard Posts

Next >>

Dynamic Funds Launches new ETF series on the TSX