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.

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Big Banc Split Corp

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Post by newtonboyon May 22, 2014 9:06am

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Post# 22586186

The Globe and Mail attempts to identify high-quality, profit

Globe says TORQ, others have strong relative momentum

2014-05-22 06:58 ET - In the News

The Globe and Mail attempts to identify high-quality, profitable, Canadian companies that are also undervalued and flying under the radar in its Thursday, May 22, edition. The Globe's Craig McGee writes in the Number Cruncher column that he used the services of Morningstar CPMS to identify stocks with the best combination of the following metrics: return on equity over the latest four quarters; price to earnings over the latest four quarters; gross profit to total assets; quarterly earnings momentum (that is, the percentage change in the latest four quarters' earnings per share compared with the four quarters' EPS of one quarter ago); revision of the current year's consensus earnings estimate over the past three months; and return over the past year. Stocks were screened out if they were in the bottom quarter of the database based on market cap or average volume. Stocks with a negative price change over the past month were also avoided. Stocks with reasonable valuations and strong relative momentum are TORC Oil & Gas, Ag Growth International, Bankers Petroleum, Chinook Energy, Western Forest Products and CCL Industries.

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