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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 mohsin6on Jul 25, 2016 9:11am
159 Views
Post# 25080819

RE:BUY TODAY!

RE:BUY TODAY!Totally mistaken. Do they call you Snake for a reason?  Its more riskier than ever as the deal of arrangement will be over as of July 31 unless they agree to extend the deal.  This is what the disclosure of the press release was about.  It is not worth a 10% risk as to me its worth more than that of a risk.  However, they extend the agreement then it maybe worth an 8% risk with SAFE.  You are either ignorant, deceitful, or just not well informed.  I suggest you speak to IR or check your facts accordingly.  They are hoping a deal gets extended but as the saying goes it isnt a deal until its signed on the dotted line. 
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