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 bmeisteron Mar 12, 2010 11:42am

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Post# 16875973

RE: NY presentation

Last two posts gave good info. on presentation. Important to remember,Abby was been conservative with estimates and the steam assisted pilot could very well blow the top off this stock if recovery rates are higher than he projected. Little debt,well financed ,good value per barrel for BNK going forward, I now see where Raymond James were been so optimistic. Wait till the index funds trade us on the TSX. This is my gem for sure.

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