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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Big Banc Split Corp > only chinese approval left

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Comment by uogradon Jun 08, 2016 7:51am

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Post# 24945102

RE:only chinese approval left

not true, the approval from Investment Canada has still not occurred.

Good that they are getting things back on track in Albania but the corporate update here is trivial as there are still major approval required.

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Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

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TSX:BNK - Post by User

RE:only chinese approval left