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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.


TSX:BNK - Post by User

Big Banc Split Corp > QJ - Check Inbox (T.EDT)
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Comment by QUANTUMJUMPon Sep 22, 2016 11:45pm
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Post# 25269043

RE:QJ - Check Inbox (T.EDT)

RE:QJ - Check Inbox (T.EDT)Already there .

Do not forget Snake ......... Happy Halloween.....

In addition, the parties agreed to extend the outside date for the transaction to October 31, 2016 to provide sufficient time to close the transaction provided that, in certain circumstances, the outside date can be shortened to September 30, 2016.
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