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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
Post by chengjooon Mar 20, 2008 7:41pm
269 Views
Post# 14756779

BNK going forward..

BNK going forward..is a no brainer. Current push by Feds and US Treasury for a stronger dollar is what has caused the prices of both oil and gold to come down. Mike Swanson says this is only temporarily and the downward fall of the US dollar will continue which will lead to an upsurge of gold again in a couple of weeks time. Both gold and oil move in tandem against the downward spiral of the US dollar. The economic fundamentals favoring the upward movement in prices of gold and oil have not changed. True, hedge funds were moving out of their gold (and other resources)position because of redemptions from their investors that exacerbated the last two days' falling of commodity stocks. But the astute investor looking longer term will hold on to his positions.
Bullboard Posts