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 tinman8on Sep 13, 2011 7:55am

337 Views

Post# 19035717

RE: RE: 3rd quater

The explanation I think is a general aversion to risk brought about by uncertainty over the Euro zone and to some extent stalling recovery in North America. This aversion is not BNK specific - its pretty general.
Are current SP's justified on fundamentals ? The answer I believe is NO - the retraction in the SP's of juniors is generally way over done.
BNK still has great management - huge reserves and steady (although not spectacular) production increases.
Unfortunately investors are not impressed with slow but steady production at the moment. They want quick returns from juniors, or defensive dividend paying stocks.
However, fear not - BNK will have its day - patience is required. Be prepared to have a two year horizon.
GLA

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