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 rehsifylfon Mar 18, 2010 3:11pm

290 Views

Post# 16899684

RE: RE: now

Hey - is our friend roxit back? Is it worth me taking him off ignore to read his insight? I imagine not.

The good news is that since Jed is now broke and can't afford a computer or internet service, roxit seems to have replaced him as the catalyst for appreciation in share price.

Hound - $73 Oil, I have to assume that was our friend again since I don't see the original post anywhere. Actually - BNK has predicted a similar price for Oil in all of their numbers. Check the presentation - they use $US70 as the base case. They don't even have a case for oil above $80.

My guess is that the 20% that was retail is probably down considerably to say %10 now or 23M shares. Not much for something that trades 2-3M shares per day.

$80 oil is the best price for everyone - any higher and it starts to affect global economic health, IMO.

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