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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

Bullboard Posts
Comment by bmeisteron Mar 07, 2011 10:52am
250 Views
Post# 18243975

RE: RE: RE: $9.00 Soon

RE: RE: RE: $9.00 SoonIf nothing else,this Libyan crisis should push us to $10 soon and hopefully the anticipated reports on fiscal and production will hold us there,even if we see a drop in crude prices,if/when the dust settles. I suspect more drill rig activity in spring and summer to bring us as quickly as possible to that magical 15000bbl/day number. imo,that is when we see some take-over talks. We are in that win-win scenario,where we have higher highs and higher lows on the dips.All's good here,people.
Bullboard Posts