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

Post by tinman8on Feb 22, 2011 1:23pm

310 Views

Post# 18174384

TUG OF WAR FOR OIL STOCKS -

The higher oil price wants to send the SP's higher -
, but the longer term worries over the consequences of Mid East turmoil sending oil too high - possibly slowing economic recovery - puts downward pressure.
BNK has held very well with the tug of war going in our favour.
If Brent weRE at these levels due to supply and demand - rather than Mid East uncertainty - I reckon we would be north of $10 by now.
GLA

Bullboard Posts

Gold vs. bitcoin, where should you invest?