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 > Gartman's call

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Comment by lefmikeon Apr 12, 2016 7:47pm

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Post# 24759408

RE:Gartman's call

Here is something that might give any oil producer some optimism, I jut finished watching the US of A's show on PBS Frontline regarding the Kingdom of Saud.
According to the report , over the past three years the Government of Saudi Arabia has spent over 132 BILLION dollars on social spending to quieten unrest. The country is driving itself back to the stone ages and according to the repost, the govenment will be totally broke within the next TWO YEARS..... Want to see oil rise then? I bet by this summer we will see and major drop in oil shipments to the West and Japan that will force the price back to where the Saudis started their rediculous ways to hurt the Russians and American frackers.

The next few years could be very hectic.

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