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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Post by tinman8on Sep 15, 2010 12:02pm

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Post# 17451162

World oil supply and demand -

The IEA - Reports that oil supply and demand are evenly matched at just under 87mb/d for Q3 and Q4 2010.
They further predict world demand demand to increase to 88mb/d by Q3 and Q4 2011.
US inventory runs about 4% above this time last year - but its worth noting that the US is one of the slower economies to recover.
Even on these figures with US above the average the outlook looks sufficiently supportive of current oil prices near term (taking the world picture into account) - and with the prospect of a little firming up through 2011.

For BNK Q3 is all but over with no bad patches for oil. Ergo I expect a good Q3 report in mid november (although still too early I feel to see the effects of their greatly increased spending).
GLA

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