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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 26, 2016 10:39pm
200 Views
Post# 25087144

RE:RE:RE:SAFE approval

RE:RE:RE:SAFE approval The guys on this blog are so very self centred , thinking that they have all the conspiracy theories all figured out and so very hard done by because they lost money or because the insiders "sold them out" and that they did it "on the cheap" to save their own careers etc etc. All this is really ridiculous . Today things are so very much more transparent that the slightest misdeed is quickly put under a microscope . There are MF out there and private money management firms out there with huge positions , with tools to value assets and value that would have quickly been seen as objecting to this deal . Who did ? Only the slugs on this blog. Full of bravado, misguided theories, naive and generally misinformed that complain . All with penny ante investments thinking that they got screwed yet again by the "big boys " . Did it ever occur that some of the "big boys " got caught in the down draft?  No. why ? Because they don't understand what they are investing in . I don't want to carry on but I have to say there was some really great opportunities if you had your eye on the right ball. Check out the current holdings of the biggest holders of BNK in the past few months . It'll sober you up!
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