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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 nexthinkon Dec 23, 2015 4:42am
177 Views
Post# 24407168

RE:Am I ever glad this year is over

RE:Am I ever glad this year is overBrainCloud,
You were the one predicting 1 year ago Bankers will end the year over $5 ? the one who were predicting oil at over $70 by the end of this year. Well, you have been dead wrong.
BNK is trading at $90 cents and brent at $36.
Few persons on this board have been predicting this, 1 year ago as oil&gas111. But you prefer to put them on ignore and only listening people who share the same point of view. You can always learn from others even if they don't share the same point of view.
I predict 2016 will be another diffucult year. BRENT going between $20-$30 with Saudi Arabia, Irak, Iran...still increasing significantly their oil production. That's why brent is now trading under the price of the WTI.
You were also predicting 1 year a total collapse of US oil shale production. It never happened. US oil production is finishing the year at 9.2MMbpd up 10% over 1 year ago (the production is flat since 4 months now). US shale producers could lower significantly their breakeven which are now around $30-$40.
Merry Christmas to you braincloud and try to listen more to others next year.

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