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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

Bullboard Posts
Comment by dbeaudeon Jul 01, 2014 10:04pm
371 Views
Post# 22708948

RE:RE:As I have said before......

RE:RE:As I have said before......Hi bm....thanks for the kind words. So far it seems that their strategy is geared around organic management of the field to incrementally grow production and reduce costs.....which they are doing in fine style. But really they need to get out of the box and strategize around accelerated growth in shareholder value. At current production their current 2P NAV has over 30 years of life let alone if they convert more resource to reserve base. They need to decrease the exploitation timeframe to really add step improvement in shareholder value. I sure hope their strategy get augmented to include accelerated development. They need to find ways to leverage this huge resource more quickly and surprise the market with something like this if they want to get the stock price up another leg up and keep it there.
Bullboard Posts