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 25, 2011 9:01am

314 Views

Post# 18192791

The just announced hedging -

I'm pleased to see that the company has hedged - but not so pleased to see at only $80.
I would have hoped a better price than that - given recent analysis by various experts have concluded that even before the Mid East turmoil Brent was already above $100 - due to the supply/demand resulting from substantial increased demand as the world pulls out of the economic downturn/recession.
Apparently there is no reason to expect oil to do anything but go up regardless of any Mid East supply problems (which would of course put additional upward pressure on price)
I would like to see hedging closer to $100. Comments please
GLA

Bullboard Posts

Gold vs. bitcoin, where should you invest?