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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 Jul 20, 2016 7:34am
148 Views
Post# 25067810

RE:Did you read what you wrote

RE:Did you read what you wroteLike Fk what? That's what the IT person said. What crawled up your rectum? It makes perfect sense to me. China controls all flows of Yuan out of the country. It's the last thing that needs approval. It's probably sitting on a pile of applications very similar. If that's not the story , then what is? I suppose you have your own fantasy for why the deal hasn't closed yet? 
Crawl back into the dung heap along with the rest of the vermin ahole.
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