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

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Post by tinman8on Mar 08, 2011 10:04am

362 Views

Post# 18250376

Spin - dont you just love it -

In recent days the spin has been that the high price of oil could derail the economic recovery. Ergo oil stocks have been under recent downward pressure (BNK seemed to buck that trend but a great many oil stocks have given back ground last week and yesterday).
Today I read on the pre market comment on Web broker < the recent drop in oil prices could lead to a decline in the energy sector >.
Now let me see if I've got this right.
Higher oil prices are bad for energy stocks.
Lower energy prices are bad for energy stocks
Go figure !!

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