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 > New release related to tax dispute...

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Comment by RockLobster1on Aug 29, 2016 9:48am

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Post# 25186258

RE:RE:New release related to tax dispute...

riverrow wrote: That's about 15 cents a share credit to BNK. Who exactly will get this money? Geo or BNK shareholders?

they should declare a special 15 cent dividend... payable on Sept 15... that will put the fire under Geo Jade to own the company by then!...

( this is not a serious suggestion but I like it...)

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