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 Jul 27, 2011 10:09am

302 Views

Post# 18877710

RE: RE: RE: RE: $20 stock?

I'll go you one better than listening to the CC. I was at the AGM.

What I heard was a good deal of rationalization of errors. Tactical errors that resulted in a material change to forecasts and which should have been disclosed publically in April, when it is clear that the information was available to a few - who then proceeded to short 25M shares based on that information.

When you have to start pumping produced water into producing wells to get rid of it, that is a major operational screw up.

I still like BNKs prospects, but they are not where they were 6 months or a year ago. It happens. To state that nothing has changed, is not correct.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support