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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

Comment by braincloudon Jun 08, 2016 12:22pm
300 Views
Post# 24946670

RE:Oil over 52.00 If this deal goes through

RE:Oil over 52.00 If this deal goes throughEasy to say in hindsight. If oil was at $30 everyone would be counting their lucky stars that a bid showed up. If oil continues this trend there are still plenty of stocks to pick from with similar profiles. GTE and CNE are two. Moreover now that oil is trending upward it just makes it more inevitable the deal closes. 11% in a few weeks looks pretty good to me!
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