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 > SAFE Approval

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Comment by ANONYM0USon Jul 26, 2016 9:03pm

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Post# 25086961

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

ChupacabraBueno wrote:
braincloud wrote:

BC, "In practice, SAFE approval is usually obtained within two weeks." according to "Outbound Chinese equity investments - understanding the regulatory approval process" on the nortonrosefullbright.com website (link below). I've already shared that knowledge (if that's what it is) in a previous post. I'm not speculating other than to point out that the SAFE approval timeframe they describe is 2 weeks, ergo the SAFE approval time for BNK may be atypical - something I think many had already inferred from the press release(s). I have no idea what your rant about "sell, sell short or shut up" was about - do you think that sharing information on this board & soliciting information from others is somehow akin to trashing the stock? - I see it the opposite way - & It's buying that I have in mind - so your mindreading ability seems to have failed you this time. Here's the link again for anyone wanting to research the Chinese approval process: https://www.nortonrosefulbright.com/knowledge/publications/62023/outbound-chinese-equity-investments-understanding-the-regulatory-approval-process

Great post ChupacabraBueno. You sure put Brainfart in his place. Congrats and good job.

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