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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

Big Banc Split Corp > questions
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Comment by wallop13on Jan 07, 2016 12:09pm
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Post# 24436874

RE:RE:questions

RE:RE:questionsIt is normal for BNK to sell for about 80% of Brent. That's why oil producers always show realized price. For example: COS Realizes full or more then WTI per barrel because they are selling light, sweet crude. The main reason for the price difference is the yield to the refinery ( the profit margin is like 21% for very heavy to 39% for a quality light). With that said, COS has a higher production cost, so they're not really making more per barrel.
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