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 jastorontoon Feb 22, 2012 4:11pm

295 Views

Post# 19568986

RE: RE: Bent $123

Yup last time BNK was $10 when brent was trading at $123 in Jauary 2011. I believe BNK management posted positive guidance and said that their avg. production for 2011 will be 18500 boe per day. They miss the numbers and came up under 13000 boe per day and market punished the stock.

If you want to see stock price in $10 range, they must produce 19000 boe/day.

cheers!

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?