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 > deadlines

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Comment by RockLobster1on Jul 21, 2016 10:04am

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Post# 25071866

RE:RE:deadlines

yes thanks... there are legal dates in the agreement that need to be adjusted... but it is already July 21 so even without the PR we already knew the end of July was in doubt.

So I dont see any real news in here, just confirmation that they are waiting on SAFE and are prudently getting ready to adjust the agreement. It removes the uncertainty that one of the parties might allow the agreement to lapse and not agree to an extension. Both still want it to happen.

But it doesnt mean that we dont get the cash until Sept 29 or anything. Possibly we get a bump up in price too.

If the Chinese govt didnt want this investment in Albania I think they would have told GeoJade this behind the scenes... long ago IMO

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From now on, dynaCERT instead of Bitcoin or NVIDIA?