Big Banc Split Corp

Big Banc Split Corp. is a mutual fund company. The company is headquartered in Toronto, Ontario. The company went IPO on 2020-06-26. The Fund's investment objectives for the preferred shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.07 per preferred share ($0.84 per annum or 8.4% per annum on the issue price of $10.00 per preferred share) until the scheduled maturity date and to return the original issue price of $10.00 to holders on the maturity date. Its investment objectives for the Class A shares are to provide their holders with regular monthly non-cumulative cash distributions initially in the amount of $0.12 per Class A Share ($1.44 per annum) and to provide holders with the opportunity for growth in the net asset value (the NAV) per Class A Share. The company invests on an approximately equally weighted basis in portfolio shares that includes various publicly traded Canadian banks. The manager of the Company is Purpose Investments Inc.