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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 10, 2009 12:55pm
261 Views
Post# 16058915

RE: BNK Financing

RE: BNK Financingoil is going to $75 you know why? Because Goldman says so.  It is crazy, but these guys can single handedly drive the price up or down.   They were the ones that said oil was going to $50 when it was trading at $75 and it went there in a heart beat.  So stage one for Goldman buy lots of futures, stage 2 tell the world that oil is going to $75, stage 3 upgrade to higher prices because of a global recovery and an obvious limited supply.  Stage 4 sell like hell and divy up the profits in compensation!! This is why I think they are getting heart burn over the TARP repayment.
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