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 tinman8on Dec 24, 2009 8:04am

485 Views

Post# 16616626

RE: If they can get to their 15k a day

To the nervous nellies who say BNK has come so far this year - I say look back 18 months.
The SP was close to $6 - 18 months ago - with much lower production and less PP.
IMHO the recovery to where it is now is more than justified and unlike some oil plays whose SP depends on proving up reserves, drilling results etc - with BNK most of what is there is known - and its huge - just a matter of how fast it can ramp up production. With this management you can be sure it will be executed well.
GLA

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