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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Comment by tinman8on Mar 10, 2011 4:23pm

212 Views

Post# 18267662

RE: Fundamentals

Absolutely agree BCleo. With only 21 more days to go in Q1 - one can make a fairly safe guess that the average Brent price for the period will be well in excess of $100. If we speculate its a conservative $105 this will give at 65% over $68 for BNK. This is huge - netbacks will be way higher than previous Q's.
The recent rout has been a great buying opp and I have added. And will add again on any weakness - although we may have already seen the worst.
GLA

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