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.

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Big Banc Split Corp

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Comment by tinman8on Mar 18, 2011 8:24am

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Post# 18303768

RE: RE: OIl Price Decline - No Way

Shrubcrawler - it seems to me its not as simple as how much oil (or LNG) will be needed to replace the output of one nuclear facility - it is the immediate need for oil to fuel generators for localised blackouts - and perhaps more important - Japan will curtail any future builds of nuclear facilities in favour of alternatives - such as LNG and oil.
In addition other nuclear facilities in the country will be scrutinized for risk and some will likely be gradually decomissioned..
The sum total is Japan will become an increasing user of LNG and oil for the foreseeable future IMO.

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