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 14, 2011 2:22pm

327 Views

Post# 18282347

The decline since last week -

has probably already been overdone. BNK has been caught up in the general downward pressure on oil juniors - and has actually gone down more percentage wise than most other similar stocks.
IMO - BNK is overdue for a bounce higher rather than any further decline.
Management invariable understates yet over achieves. The year end report will be out anythime now - probably by weeks end.
The only time management have missed a target are situations, one offs, totally beyond their control and not foreseeable - such as the flooding in Albania. GLA
Cheers,
Tinman

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