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 Jul 02, 2010 11:05am

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Post# 17239066

RE: looks like 6 is coming...

I believe the fear - (largely unfounded) of slipping back into a double dip recession has ALREADY hit most stocks including BNK.
The theory that weak growth in Europe - causing less exports for China - resulting in lower oil and other commodity prices - falls down when you consider China has a huge and growing home market to fuel its oil and commodity needs.
The economies of the US and Canada continue to improve as do most other countries outside southern Europe.
The debate is not really about a return to the crash of 18 + months ago but more about how fast things are improving. Most analysts seem comfortable with a figure around an average $75 for oil this year.

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