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

Bullboard Posts

Comment by jastorontoon Jun 06, 2012 11:05am

271 Views

Post# 19985153

RE: RE: Hesding back to $2.50

ha ha ha, you guys make pennies, lol. I don't care about day to day volatility. PD, TLM, SU, TDG, GTE all are trading at 52 weeks low. Let Europian union fix their issues, crude oil will be trading back in 95 dollar range, narural gas will go up this fall and all oil service and integrated oil companies will get boost from that. If BNK management address their problems in next 2 quaters and ramp up the production to 20,000 BBL per day, this is a $15.00 stock by december 2014 and I am holing my shares till then.

Bullboard Posts

New Found Gold begins surface trenching at Queensway