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 > ridiculous but par for the course

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Post by uogradon Jul 30, 2016 6:20pm

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Post# 25098704

ridiculous but par for the course

That $20,000,000 usd should have already been turned over to Banker's for the delays we have already experienced

Now to say if the deal is not approved in 60 days, they will Banker's the dough is a farce.

Getting these Chinese deals to the finish line is just an excruciating process. This deal will probably close but this is dead money for money for the next month or two with no real guarantee the deal will close.

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