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

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Post by 02charocon Mar 14, 2008 1:25am

403 Views

Post# 14657938

TARGET PRICE

Analysts really make me wonder sometimes. He is obviously not looking at momentum with this stock. How does he raise his target from 1.35 to 1.6??The stock is at 1.45 right now, and after a small consolidation like the charts have done historically it will continue to rise with great mgt, rising oil/gas proices and drilling. Sprott had a target of at least $3 and that is not including any new drilling discoveries or a possible take over.

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