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 > easy money

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Post by baskcha1on Jun 08, 2016 2:19pm

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Post# 24947331

easy money

People are stupid. This stock is going to go to $2.20 in a month. Investment Canada will approve this because the assets arent located in Canada, what do they care. The China exchange approval is just about oking the exit of yuans its a small amount, it will get passed. Dont let the big banks screw you out of this one with their market manipulation. This stock is going up 9% in a month. If geo-jade liked the stock at $35 oil, they are going to love it at $50+.

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