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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 16, 2011 5:04pm
294 Views
Post# 18949073

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: REI also don't wish shorters luck esp. with a stock I am investing long term in. Anyways, to the sp of bnk,in particular,with Brent over a 100,bnk gets 60 to 70 dollarsof each of the 14000 bbl's it produces each day. Why is it that a company like Kodiak in the Bakken,producing about 4000 bbl's per day,is trading at $5.40 or so. It trades in wti so it likely doesn't net much,if any,more than us.What gives here? There likely are a few other variables but they don't add up to me with that difference. Signed by " still holding long but shaky'
Bullboard Posts