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.

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Comment by bmeister2on May 25, 2016 8:05am

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Post# 24902091

RE:RE:RE:no

Casino, that would be the many institutional investors like TD securities,and the like. Look, I am P-offed at myself more than anything for not selling when this was at 6 dollars or so. But the reality for me, at least, is that there will be no knight in white armor make an offer better than what we have so I will take my lumps and go with the flow. There seems to be a paradigm shift in energy stocks since 2014 that makes future investments more volatile and unpredictable. imo

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