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 > No chance Casino

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Post by QUANTUMJUMPon Aug 30, 2016 3:06pm

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No chance Casino

as two private Chinese equity firms provided the funds for purchase all 3 (including Geo- Jade) had to be "cleared

All "clearance" has now been achieved , coincides with final application submission .... so yea the $20m USD in the escrow account guarantee for Sept 30th if approval not given by Sept 30th also makes sense

Now that the $57 milllion tax issue is resolved .......... Poof all delays solved

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