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 tinman8on Oct 05, 2010 8:40pm

454 Views

Post# 17532706

RE: RE: RE: Oil

I can only go by past perfoprmance - and this management has a well deserved reputation for over achieving not underperforming with its predictions and targets.
There are many similar juniors that have been range bound for 2 or 3 months.
The mood of the market is that it will not reward until the 'proof of the pudding' is in the bag.
The market will discount until then.
The prospects for 2011 are extremely rosy for this company with the likelyhood of a buyout within 9 months from now.
GLA

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