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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 Whitehellon Aug 29, 2013 10:06am
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Post# 21705954

Nav sensitivities to Brent pricing (Macquarie Equities research)

Nav sensitivities to Brent pricing (Macquarie Equities research)
Quote :
"Givent the Recent rise in Brent Crude pricing, we believe it is worthwhile to provide updated sensitivities of ou NAV'S benchmark crude oil prices. While we believe it is unlikely that stocks will fully price-in a spike in oil prices, this exercise is a good reminder of how discounted the international E&P Peer group has become recentely.
[...] We see that Bankers has some of the Largest torque to a change in Brent prices - A move from 110/bbl to 120/bbl results in a 16 % increase to our Core NAV estimate for BNK."
[end of quote]

If a war against Syrie was to break out, this scenario might happen and we could see a brent of 120+$, my opinion only, it's interesting to see that Bankers is the most sensitive of the International E&P but it's can also go both way if the Price of brent go the other way ;)

Later
White


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