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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 Feb 23, 2012 8:43pm
309 Views
Post# 19576887

RE: What retail investors can expect from BNK?

RE: What retail investors can expect from BNK?

I have been in this stock for the long haul,and sort of kicked my behind when i didn;t sell at the high last year,but i tend to agree with your prognosis.We need production for sp increases because the reserves just aren't  compelling enought for retailers to hold the price up.You are right,we do need a few 1000 a boe/d wells to "git er done' as Larry would say, and a real good push( or is it pull) from the SAGd type program. If all the dots line up for us shareholders,we could have a decent return on investment yet,sooner than later for me hopefully. Thanks,Jastoronto for some thought provoking posts.

Bullboard Posts