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

Bullboard Posts

Comment by jfallenangelon Oct 07, 2008 10:44pm

238 Views

Post# 15512367

RE: We're not here for a good time and we're here

I agree with your points.....except the need for bankers to scale back.....all capital developments are based on 80 oil....they are fully funded with 50 million in the bank and current cashflow....so why bother holding up the growth. Build the infrastructure and then produce 20k barrels/day for the next 20 years.....lol the joy of having a world class resource with prudent management.

I wish i had more cash to be buying this stock on these dips.

Bullboard Posts

Sony’s Alpha 1 II: A new professional photography standard?