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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 lefmikeon Jul 26, 2016 1:34pm
125 Views
Post# 25085425

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAFE Approval

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAFE ApprovalBC I&#39;m just saying that we&#39;ve heard next to nothing regarding that major issue of the audit, NOR the freezing of bank accounts SINCE the f-ing deal was made. &nbsp;You have to admit that this company in our collective opinions was worth significantly more than the selling price announced.<br /> .<br /> I&#39;m PI$$ed, &nbsp;French sold the company, there was NEVER any indication that somehting was in the pipes and all of the sudden the sale.<br /> .<br /> Some goofball mentioned that I am bringing forward some kind of conspiracy theory, &nbsp;not in the least. &nbsp;The Freeze of assets made the company VERY appealing to the right party and the deal was hatched in my opnion at the worst possible time..<br /> .<br /> What is going on now stinks to high heaven, &nbsp;I seriously have my doubts that this deal will be a go. &nbsp;CHRITST &nbsp;Shell is in a much better place to do something and they haven;t for some reason..<br /> .. &nbsp;<br /> That is speaking volumes...<br /> .<br /> Maybe the C&#39;s were thinking they could buy this puppy &nbsp;and a swift turnaround to Shell &nbsp;who knows, &nbsp;but now it appears it&#39;s a safer bet that they beg off the deal as the price of oil is still in the tank and ins;t showing much of a recovery.<br /> JMHO<br /> <br />
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