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 tinman8on Mar 16, 2012 8:55am

500 Views

Post# 19679569

GO FIGURE - HUGE DISCONNECT

Several years ago BNK had a SP higher than it is today - when it's production was a third of its current level and oil traded closer to $60 a barrel.

Since those days several years ago, oil has traded very consistently for many many months averaging well over a $100 a barrel ((BRENTprices) giving BNK unpreceedented vastly higher netbacks. Add to that increased P&P.over those years AND it's current production - and one has to wonder what the heck is going on with the SP.

MAKES ABSOLUTELY NO SENSE

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