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.

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Big Banc Split Corp

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Comment by jastorontoon Feb 14, 2012 11:34pm

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Post# 19535399

RE: Thanks guys...

U r welcome Brother dbeaude! In my opinion 10% shut down for maint. is bit high. Now they say 5% to 10% that represents to 750 BBL per Day to 1500 BBL per Day. That is lots of oil. LOL and it will go from our pockets. They need to address their production issues.

I wish they guide the market at lower end of their numbers and then beat the target in their quaterly reports, market will love it and stock price gets a boost. That will also discourage short sellers. To be honest with you, 14,200 BBL is a good number and if they can maintain 16,000 to 17,000 BBL for first Quater, BNK will be out of woods and never look back from there.

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