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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

Bullboard Posts
Comment by DLS11on Aug 25, 2009 2:37pm
258 Views
Post# 16248055

RE: RE: RE: RE: prediction

RE: RE: RE: RE: predictionWell Shane...I've thoroughly enjoyed your posts over the last few months...it looks like my prediction is wrong at least for today...however, I think I've decided to use you as a contrarian indicator...lol  I'm not sure how accurate your statements are about oil pricing and inventories but please remember that BNK is a little more unusal than most oil companies...I won't list them here - everyone who has done a little DD should already know them.

Anyways, we are at $3.80 right now...let's see which get hits first $3.40 or $4.20.

Cheers just the same,

DLS



Bullboard Posts