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

Bullboard Posts

Comment by rehsifylfon May 18, 2010 9:40pm

346 Views

Post# 17111687

RE: RE: RE: RE: RE: RE: Hard time for INVESTORS

sav,
To me what is foolish is basing a company's value on an oil price of one day. Perhaps you should consider that the oil price is today's price for June delivery. Look at October and beyond. Look at June's price 2 weeks ago. Honestly - its easy to see why the pros can have such fun if people are basing valuations on the price of oil du jour.

Bullboard Posts

Morning Market Outlook for Nov. 15, 2024