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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 DLS11on Jun 10, 2009 9:53am
346 Views
Post# 16058040

RE: RE: IAE versus BNK

RE: RE: IAE versus BNKTinman...well said on both counts...must co-operate with the gov't, especially in Albania...makes it much easier to get things done (aka approved) in the future...as for valuation comparisons...one critical factor is management - something which is very hard to qualify but probably one of the most, if not, the most important asset...really don't know how IAE management is, but I do know BNK's is superior and worth a nice premium which will show in due time.


Cheers & GL all longs

DLS
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities