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 flintabatteyon Nov 25, 2011 12:07pm

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Post# 19267424

Thermal Pilot News

This was in the October Q3 update, have a little patience, this will be a nice lift for your portfolio early in 2012.

Drilling of a cored vertical delineation well and two thermal cyclic steam horizontal wells of the thermal pilot program have been completed during the quarter. Completion and equipping of the thermal wells will occur in late October and construction of the steam generation and thermal production facilities are in progress with completion targeted by early November. The first steam injection cycle is estimated to start in mid November 2011.

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Three mispriced stocks exposed to major market tailwinds