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

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Comment by likspoonon Dec 06, 2007 6:01am

356 Views

Post# 13923606

RE: Question

SF002, Stock price and volume rising recently due to positive third quarter financials such as: increased cash flow, debt repayment, increases to debt facility, drilling success, recent management additions from Rally Energy and current management continues to add value to their assets in Albania. While no stock goes up in a straight line all the time, BNK is a good long term hold 3-5 years IMO. Schachter and Peter Hodson have both recommended BNK as a buy recently. This has also contributed to the SP appreciation. I own lots of BNK purchased @.40 Good Luck with your buy!

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