Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 > Why no gains?

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Comment by RockLobster1on Sep 02, 2016 12:18pm

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RE:RE:RE:Why no gains?

i must say the huge volume surprises me... you'd think everyone would have pretty much decided to be in or out by now. No idea what it means since the price is stable, maybe related parties moving things around.

Sure if a painful process but the slowness of government agencies should not surprise me... happens all over, they really don't care about much other than lunch and going home early... and covering their butt. In China no exec at SAFE wants to lose their cushy job by making a mistake... better to delay and triple check that all the important bosses have given their okay and won't be slighted.

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