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.

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Big Banc Split Corp

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Comment by rehsifylfon Feb 23, 2009 10:12pm

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Post# 15798724

Wednesday Petroleum Report

The crude stocks will be down again, IMO. The bears can ignore it again - but over the next few months, it will become obvious that OPEC won't live with $40 Oil, no matter how many "analysts" want to talk that into existence. Oil will be $50-70 for the forseeable future, not that Saudi has so much shut in. But that will be a very good thing for both Oil companies and for the overall economy.

Tomorrow may well be dominated by more doom and gloom predictions, but I think Wednesday will be another big day for Oil.

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