5Banc Split Inc.

Toronto, ON Canada

  (Toronto: FBS.B)

Company Description

So you want to invest in a major Canadian bank but can't decide which one? How about splitting your investment? 5Banc Split invests in the publicly listed common shares of Canada's Big Five banks: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and The Toronto-Dominion Bank. The passive closed-end fund offers shareholders both preferred shares, which pay out fixed-rate dividends, and capital shares, which pay dividends linked to share price. 5Banc Split is administered by TD Securities, the investment banking and institutional brokerage arm of Toronto-Dominion Bank. It was established in 2001.