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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

Bullboard Posts
Comment by seabird1on Nov 26, 2007 2:21am
447 Views
Post# 13865357

RE: the value of BNK

RE: the value of BNKwhat are you talking about ? 3 wells working ? Read this again its over 150 wells so far with 2400 more to go last time i checked. The government has a royalty. Like every other state/province country with a tax levy so whats new? Stuck for production growth? have a look at their production graph. Yes some ups and flat spots but overall trend is remarkable. Unsure you are reading the same company data. This is not going to be an overnighter but the package is massive and your right with respect to a massive share structure. Market cap does not lie and the retail players are unfortunately second fiddle to institutions but research coverage is getting stronger every quarter.
Bullboard Posts