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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 investor2003on Jun 04, 2008 9:42am
425 Views
Post# 15142940

insane stock valuation across the board

insane stock valuation across the boardunless you think 130$ oil is sane AND sustainable

You see, the World is slowing down completely. Even China and other BRIC countries. Why in the hell are commodity prices still holding up or rising is for lala land believers.  Oil peak oil schmeak.  Bottom line, consumption is falling down in cars, housing, retail , electronics.....etc.

So, prices can only be what people will be willing to pay. PERIOD.

So these hedge funds are most surely in their last mile selling or taking profit since I expect within the next few months, a total bloodbath similar to 1998....for political reasons probably after China Olympics.

we shall see, but it sure in hell ain`t time to be exposed in commodities....it`s playing against the odds.

Bullboard Posts