Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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.

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Big Banc Split Corp

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Comment by presto10on Nov 30, 2008 11:13am

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Post# 15619009

RE: Bankers Petroleum Improves/ O.T.

OT: But I happen to own Divestco T.DVT which is listed on that Daily Bulletin someone posted. For a company that has generated NI of $19.5 million in 2006 ($.60 EPS) and $17.5 million in 2007 ($.45), I lucked out in calling the bottom at $.18. NAV of $3. w/ 42 million out. Drilling related service co. w/ the biggest 3D data package in BC (Montney - Tri Star, Galleon etc.)... also in Alta and Sask. Yes it is over levered AND we have the slowdown in drilling due to the credit bubble and commodities pricing - definitely not good - but per my posts even this year a B/E one their costs include $28 million in non cash dep'n! So now they have stopped all unnecessary expenditures and making deep cuts. The problematic DEb they need to refinance $7.4 million!!, doesn't seem like the end of the world to me.

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