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 > additional insights

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Comment by MoatsInvestmenton Apr 05, 2016 9:59pm

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RE:RE:RE:RE:RE:additional insights

I indeed was about to buy it when it was around 70 cents (when one major bank loaded it up)... first thing I did is checked the debt ratio...I cannot invest in a firm (i.e. stock) that has has relatively large debt (I have a threshold). I believe at this stage and under these circumstances, BNK will provide the best and safest return (given oil volatility, I do not see a stock that almost guarantees 20%). There might be other stocks that can provide good return (especially if they are likely to be a takeover target)

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