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 > BOD JOB PRESERVATION.....BNK worth a lot more

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Comment by braincloudon Apr 06, 2016 9:58am

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RE:BOD JOB PRESERVATION.....BNK worth a lot more

Casino, your reasoning defies logic. Your whole thesis relies on oil price moving higher. Nobody knows if and when oil prices move higher or lower, not even you! The valuations speak for themselves and reinforced by some educated analysis. What's your analysis of the valuation versus comps? Walk us through your numbers!! What's more, some of your comments about the Geo versus BNK share price shows that you really don't have a solid grasp of basic investment concepts. Sketchy Chinese? Really? Why don't you tell us what is sketchy exactly? Yes, the executive will retain their jobs and so they should. What would you expect?

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