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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Big Banc Split Corp > Iran sanctions lifted: Brace for oil shakeup

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Comment by nexthinkon Jan 16, 2016 7:01pm

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Post# 24465593

RE:Iran sanctions lifted: Brace for oil shakeup

So now Iran can sell their oil outside of Iran. This is a big news.
It should add another 1MMbpd this year. Worldwide oil oversupply should increase to 3MMbpd at the end of this year. This is why oil analysts forecast $20 oil by the end of this year.
We have a massive glut of oil that is increasing months after months. Pretty bearish I am afraid.
BNK should find strong support at 40 cents when oil trade at $20 at the end this year.

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