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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

Bullboard Posts
Comment by bmeisteron Aug 15, 2011 9:18pm
251 Views
Post# 18945389

RE: RE: RE: RE: RE: Bankers dropped

RE: RE: RE: RE: RE: Bankers dropped This sp defies logic,imo,because of its massive reserves-6 billion bbl's of which we can muster 2 billion by conventional methods,i.e. horizontal and the old standby vertical but what we REALLY need is the steam assist results this fall and winter to ramp our production upwards,which will, in turn, boost our sp upwards to where it belongs. We are a production and reserve story and need results to match the company guidance, which hasn't always  been delivered in an accurate fashion as we all know. But  for reasons unbeknownest to me, we   have been hammered relentlessly in the market. BUT,our day will come again, and I am looking forward,as 1condor says,to an upswing any time that will hopefully catch the shorters with their proverbial pants down!!
Bullboard Posts