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 Jun 10, 2011 5:39pm

288 Views

Post# 18701386

RE: Crude...$$

I agree - and a case can be made for a whole slew of juniors - like BNK with great fundamentals - that are very undersold.
The market has got its self in a gloomy overdone mood with a constant stream of negative spin from the 'talking heads'.
IMO - Warren Buffets ' be greedy when others are afraid ' is especially poinant right now. Those that step in are likely to be very well rewarded.
Just my opinion of course - buit I have put my money where my mouth is by buying more BNK today.
Brent seems to be holding around the $118 mark - and BNK's oil is based on the Brent price - (heavy oil %).
Have a great weekend everyone.

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