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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
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Post by CalifDreamingon Jul 06, 2011 2:10pm
648 Views
Post# 18802172

It's all about credibility

It's all about credibilityShares getting spanked for loss of credibility.
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A lot of analysts were skeptical about BNK's ability to meet earlier guidance, and now they've been proven right.
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Current "guidance" of 16-20K bpd is a joke - after all these years, they still don't have a handle on production rates, and that's pathetic, particularly now they are trotting out all sorts of excuses for issues which they pooh poohed during the last CC.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities