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.

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Post by braincloudon Dec 08, 2015 8:17am

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Post# 24364235

incredible

To think that oil is now a few bucks below the most optimistic break even point for producers! That BNK's market cap is within a wedge shot of sales in 2011 at $270 million.who would have thought that by OPEC doing nothing would have brought oil down by this much! We're people really thinking that they were going to cut? It's gonna be a bumpy ride so hold on!

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This junior mining stock offers billions in market exposure