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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

Financial Services Asset Management
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 > Bankers Petroleum announces shareholder approval of proposed
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Post by Crakermanon May 31, 2016 11:47pm
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Post# 24921767

Bankers Petroleum announces shareholder approval of proposed

Bankers Petroleum announces shareholder approval of proposed

May 31 (Reuters) - Bankers Petroleum Ltd :

* Bankers petroleum announces shareholder approval of proposed arrangement

* Geo-Jade will acquire shares of bankers through its affiliates at cash price of C$2.20 per co's share

* Has received approval of bankers' shareholders for proposed plan of arrangement with affiliates of Geo-Jade Petroleum Corp

* Anticipates closing of arrangement to occur in late June or early July

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