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.

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Big Banc Split Corp

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Post by QUANTUMJUMPon Aug 01, 2016 4:25pm

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Post# 25100768

Vancouver property applications?

Lol I wonder what # of applications were made based on acquiring a home in Vancouver

15% foreign ownership tax is in effect tommorow and would add an easy $225k minimum to any home purchase in the city

Not certain but my understanding the applications are specific - $2 million to buy a house in Vancouver type thing

Before a certain poster makes a cancerous response , look into how many homes were bought by Chinese (Non - Canadina citizens in July alone)

And yes complete random thought but if 100 applications get pulled ............. ya never know

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