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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Comment by casinoon Aug 30, 2016 3:34pm

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Post# 25192480

RE:No chance Casino

I am so sick of this company. BNK could of been a star but all this audit $hit, oil collapse and current management selling out leaves a bad taste in a longterm holders mouth. My point is pay the $20 million pull out and run the company properly (even present managemant would suffice) like you did previously and BNK will be worth a lot more than $2.20 in the short term, EOY

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