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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

Comment by braincloudon Dec 14, 2015 2:49pm
248 Views
Post# 24382971

RE:RE:RE:BRENT $35 big support at $20

RE:RE:RE:BRENT $35 big support at $20Am I afraid? Sure. Dilution? Maybe. Under $30 for oil? No Increased debt? No. If you think it's speculative, you are right. but lets talk to why. It's speculative if you think oil stays down at unprofitable levels for a protracted period of time. I'd guess they cut another rig to save on cash. Does oil flow stop? No. They see production declines yes, but buffered by EOS. If you think that this story has a high risk outcome then I'd suggest you stop posting here and just read. Judging by the way you talk you really don't know what you are talking about and I've spent enough time making my decision, so you make yours and good luck. I really don't need to hear your bull S H E I T. So if you have some pro forma analysis you'd care to share just shut the eff up!! I've worked out mine.
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