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

Bullboard Posts

Comment by rehsifylfon May 03, 2011 1:10pm

198 Views

Post# 18523385

RE: RE: When buying stops...

Thanks - even better. Strange to release results on a Monday. i checked Scotia and it indicates May 6th, which is a Friday. Before the open on a Friday seems even better.

Estimates are 8 cents. The netback should be 17 cents, so will depend on other costs, but I think 8 cents is very doable.

Based on the market today - would not matter what BNK reported, so glad they didn't report today. Suncor is down to $41.75 (down 42.26 or 5%). I just picked up some of that at $41.75. Seems way overdone to me.

Bullboard Posts

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