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 > Have a look at PNN. Richard Wadsworth a director !

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Comment by RockLobster1on Sep 09, 2016 2:41pm

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RE:RE:RE:Have a look at PNN. Richard Wadsworth a director !

haha I sound a bit harsh,,, good luck with your stock.

It might be good but there are a million out there a lot safer. After the relief today of the deal, I just dont think people want to hear about another but much riskier oil play in Albania... just want to cash out and relax.

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