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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 oilandgas111on Aug 06, 2011 12:58pm
266 Views
Post# 18911866

RE: S&P Downgrade

RE: S&P DowngradeI do agree 100% with ekm1. I can see 20 to 30% correction on the market and the oil will follow to maybe as low as 50$. Then U can buy stocks like BNK very very cheap. I noticed that BNK has a beta of 3 on the market. So everytime the SP500 is loosing 1% BNK loose 3%. So very good way to play a collapse of the market. If SP goes back to 1000pts (with US debt problem...), the price of oil should goes back down to 50$ and it should put the price of BNK to less than 2$.
I am waiting with a ton of cash :)
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities