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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 himmleron Feb 21, 2016 10:06pm
173 Views
Post# 24580420

RE:Rig Count

RE:Rig CountThe oil numbers dont add up.And on this BB,thats what Ive been harping about for a couple of years. They never have.For example,the US news media weekly annnounces oil BBL's up or down based on estimates of build,or drawwdown.What utter Bullsh!t is that ???Since when does a weekly gain or drop matter on the global scheme of things?
Since when does a lousy million BBLs / week matter?Of course it doesnt..but the media needs something to talk about on a weekly basis.A few years ago oil experts laughed aloud about weekly projections,but today this idiotic garbage is an excepted method of calculting the woes of the oil world??A few BBLs of oil...or the US rig count being down another 2 or maybe 3 last week??...its insulting to a long time oil investor.That would be me.I have never in all my years heard of such a stupid and desperate method of predicting where oil will go...and its getting more and more stupid weekly.Its as though the entire media is stumbling over one another to just print a story...anything will do.
And to make matters worse these people are getting paid for their amaturish rot..
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