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 Feb 23, 2011 11:45am

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Post# 18180293

I dont think Q4 will be disappointing -

Of course it depends on what one expects. During Q4 there was the Albania flooding resulting in some disruption - but we dont know to what extent. Aside from that everything else should give very good results for Q4 - the high price of Brent during october, november, and december last year etc. Depending on how much BNK was hit by the flood aspect - my own best estimate is that the overall result will still be pretty good.
The market also knows that the flood was a 'one off' special situation that will not affect BNK going forward.

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