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.

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Big Banc Split Corp

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Comment by rehsifylfon Aug 26, 2009 11:00am

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Post# 16250878

RE: Somethings are opinion others fact -

How about this fact - over the past 4 weeks total crude and petroleum stocks have declined by 17.5 million bbls. Or this one - last year from July to August (when the world was panicked we couldn't pump enough oil, stocks increased by 12.5 M bbls, this year they will probably decline by about 18-20 M bbls.

So the comment "so demand has not, thus far, exceeded supply" in refernce to the driving season is not a fact, but rather an opinion, and an opinion that is not backed up by the facts.

My opinion. The original poster was right. The market is not about where we are, its about where we are heading. Oil price is about where total stocks are going, not where they are. Oil stocks have not nearly priced in $70 oil yet.

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