BNK.CA Profile & Description — Big Banc Split Corp
Big Banc Split is a mutual fund corporation. Co.'s investment objectives for the preferred shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of C$0.05 per preferred share until the maturity date and to return the original issue price of C$10.00 to holders on the maturity date. Co.'s investment objectives for the class A shares are to provide their holders with regular monthly non-cumulative cash distributions initially in the amount of C$0.067 per class A share representing a yield on the issue price of the class A shares of 8.0% per annum and to provide holders the opportunity for growth in the net asset value per class A share.