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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 19, 2009 9:05am
316 Views
Post# 16083503

RE: ANOTHER PUSH UP IN THE CARDS -

RE: ANOTHER PUSH UP IN THE CARDS -80 oil is coming right up.  It was maybe 3 weeks ago that oil crossed $60 and everyone was saying how it went too far too fast.  Lately you are seeing more people saying 80 oil in the short term is no problem at all.  You know if they can talk about it then oil will surely move.  If you came out 3 months ago and said we would have 75 oil today they would have laughed at you.  
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