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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

Big Banc Split Corp
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Comment by 6npluson Jun 09, 2009 9:28am
265 Views
Post# 16054449

RE: 45 days

RE: 45 daysI was just looking at the releases from the co.  They are using a $5.55 per barrel value.  I take it this is their take on the barrel.  The current market cap is only about 400 million and every $1 increase in the price of oil sould translate into $0.10 extra for bankers right?  Is this correct or am I totally off base here.  If it is right then we haven't got the run up that we deserve.
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Dealroom for high-potential pre-IPO opportunities