Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.P.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

Post by arisaig1on Apr 29, 2014 3:33pm

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Post# 22503913

Hello $6.00

Nice. Classic dip the last two days after reaching $5.94 on April 24th. My sense is that the share price will head for $6.75 over the next several weeks in anticipation of (1.) confirmation of a tax deal with Albania, (2.) solid Q2 production with a fifth rig running for the entire quarter, and (3.) anticipation of positive enhanced recovery results.

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions