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 > Government problems are never good news for these juniors

<< Previous

Bullboard Posts

Next >>

Comment by eXpeditoron Dec 04, 2015 3:50pm

129 Views

Post# 24356040

RE:Government problems are never good news for these juniors

It's not $53m it's $57m and this cost is already priced in the share price. This stock can only go up from here as soon as oil price starts to go up next year.

<< Previous

Bullboard Posts

Next >>

Westport and Volvo advance commercial transportation to cleaner power