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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

Big Banc Split Corp
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Post by Iran150on Mar 15, 2012 6:00pm
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Post# 19677269

BNK Going to $5 in Weeks

BNK Going to $5 in Weeks

Bankers Petroleum Going To $5 per share, in weeks. As Price Oil Brent hits $126 to $150 barrel as Middle East Heats UP.   Largest Oil Field in Europe, Bankers OIL Field. Buying today at close 10,500 BNK shares @ $4.12-$4.14.   The Reserves for Bankers Petroleum Fantastic, so finding oil is never a problem. Drilling hundreds oil wells yearly so BNK could be $10 by yearend. Remember $9's BNK, is Bankers a Double in 2012?

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