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 tinman8on May 29, 2009 10:59am

282 Views

Post# 16027062

RE: RE: RE: July oil futures over $66...

I think you are right houndtrader.
Also to my recollection last year when oil peaked at over $147 most analysts were using a metric of around $100 in valueing oil stocks - they never did take on board the higher oil prices - presumably because they knew then that the higher oil prices were unsustainable.
So in fact at around $66 oil we are really about 2/3 the way back in terms of valuations

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