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

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Comment by 02charocon Apr 01, 2008 9:30am

15 Views

Post# 14925744

RE: bnk...what's ur opinion

SO what happens when it hits 3 to 4 ? just goes back to 0? If they like the company so much and financed the deal then they are pretty confident. They dont want to overstate esimates. Under prmose over deliver. They are analysts witha reputation they cant come out and give a 10 price target, Look back, they recommended Tim originally an a 12 month target they never saw it raising 4000%.
What about the analysts saying it will only go to 1.80 or 2.00? What kind of targets are those? LOL
I am a CFA

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