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 tinman8on Jan 12, 2011 8:25am

347 Views

Post# 17958311

RE: RE: RE: RE: RE: Raymond James @$20 bucks (agai

Is BNK worth $20 bucks ? - almost certainly if one factors in the reserves and probably a great deal more than $20,
The point that I make is that based on many years experience the 'big boys' will step in with a buyout long before we reach these levels. I've seen it too many times where the retail investor sticks through thick and thin only to see their prize bought too soon before the value is fully realised.
Sad but true - its the way the mjarket works
Another point, - IMO Abby will want to get on to his next project. That is not to say he will give BNK away, - but he will not wait for the sort of levels some are hoping for - just my opinion obviously I could be completely wrong.
Nevertheless, a buyout around $15 + is very acceptable to me.
GLA

Bullboard Posts

Gold vs. bitcoin, where should you invest?