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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Post by tinman8on Jul 13, 2011 8:15pm

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Post# 18828868

FYI - IEA oil growth prediction -

For those who may have missed it - a BBC business news item today reported that the IEA predicts that in 2012 average oil consumption will be up by almost 1.5 million barrels a day. Currently this year it is averaging up 1.2 million barrels per day
They (the IEA) say that this growth will be largely driven by emerging economies in Asia and elsewhere.
My own comment - one can only assume that over the next year or two the US and Europe will join the party - adding their contribution to increased demand.
Personally I think BNK - and other juniors with great fundamentals - will see huge incrteases in their SP's.
We will probably all be kicking ourselves we didnt morgage to the hilt to buy more during this current opportunity at these bargain basement prices.
IMO - those who refuse to be panicked into selling will be well rewarded.

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