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.

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Big Banc Split Corp

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Comment by tinman8on Oct 13, 2011 8:37pm

263 Views

Post# 19147606

RE: RE: RE: Predict $4.27 open tomorrow

I wouldn't quite agree with you in saying 'Eric doesn't like BNK'.
I thought he took a balanced view - one which I share.
Namely that although the SP has been a disappointment this year (due mainly to management's overly optimistic predictions on production which fell short) - the medium to longer term prognosis is that there is nothing wrong with the fundamentals and that the eventual outcome will be a good one.
He was right to say the SP has been punished due to the credibility gap - following managements over promising but under delivering. But also right to say its a temporary rather than a fundamental problem.
I still like BNK and will continue to hold a core holding (approximately 2% of my portfolio) - until a satisfactory conclusion is reached.

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