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 bmeisteron May 09, 2011 5:37pm

238 Views

Post# 18550803

RE: RE: RE: RE: Thermal Pilot

That was my main point in referring to the icing on the cake.Reh.We know they have the reserves and the steam assist,( thanks for distinguishing between that and sagd) should up the ante on recoverable rates.The lid will literally blow off this sp if we can get anything close to 30% or more. Thus,it is all about production,production,production,being able to deliver on reserves.imo

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports