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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

Big Banc Split Corp > Same kind fear two months ago
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Comment by QUANTUMJUMPon Aug 16, 2016 9:50pm
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Post# 25148445

RE:RE:Same kind fear two months ago

RE:RE:Same kind fear two months agoUmmmm true but what about 
slippage?
taxes ?
Audit by CRA if active in TFSA ?

- note - best to do your TFSA each year as they can only go back 3 years after that 
if you are daytrading in it now ..... no worries if it is under $380k ... the minute you get over $380k they will audit , if you have not filed each year they can go back 10 years 

not tax advice obviously, discuss with your accountant 
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