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 > TD upgrades..

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Comment by sevushkaon Mar 07, 2016 11:48am

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Post# 24630097

RE:RE:RE:RE:TD upgrades..

braincloud wrote: I don't know any research house got their call right on energy and mining names. Pretty hard to stay on top of targets when the underlying commodity prices are changing weekly.

I'll be happy if we are not in a tax loss situation come October. Seems to be the theme with commodity stocks in the last few years. At the same time, I have been agressively buying, because, in my view, 2016 is a set up year for return of commodity bull in 2017 and 18. We've had our capitulation in pretty much all the commodities, but oil and uranium, are my favourites. BNK is one of the best in the sector (if not the best) when taking debt, resource, management, and evaluation into account.

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