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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 rise1on Sep 16, 2008 12:32am
595 Views
Post# 15458514

... The Next Banker's Petroleum ...

... The Next Banker's Petroleum ...... is anybody still here from days when Banker's Petroleum was just formed. When Goldpark China traded at a penny, was cleaned up as a shell so that Banker's Petroleum could be formed?

If so, stock went from a penny per share to over $2.00/share in a matter of months. Huge returns for those in early.

Well, similar situation may be brewing with Raptor Capital (RCP.H). Ian McMurtrie and the McKenzie family are on the board of directors at Raptor. The McKenzie family was behind Rally Energy (Abby Badwi was with Rally Energy)  ... Ian McMurtrie is on the Banker's Petroleum Board of Directors.

Raptor is currently exploring options to settle debts and press the shell into service. Is it crazy to think Raptor could be the next Banker's Petroleum?

Curious to hear others thoughts on this?

Do your own due diligence first. The similarities are huge in my opinion. Bottom line, don't listen to me. I'm a novice investor who does a lot of google searching and reading of sedar documents to look for obscure situations like Raptor that offer huge opportunity but not without taking on some risk.

Good luck all. Very intrigued by the Banker's Petroleum story. Always looking for the next potential big winner.

regards/rise1
Bullboard Posts