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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 Ahsanon Mar 22, 2012 9:05am
375 Views
Post# 19704119

RE: Credibility

RE: Credibility

man TD has been saying that all the time. takeout potential but that fool CEO abby will never sell. seriously i would be so happy if he gets kicked out and mgmt says that company is up for sale. thats an easy $2 upside right there. you would see bankers go to $6 within 1 or 2 days. however i would pay not that attention to the takeover potential as long as abby is still there. i would even go so far in saying that give him more money and get him out of here. its just beyond my understanding how mgmt thinks over here. they screwed up big time and now they are 60% down from their highs. whats the best way to recover shareholder value. sell the company. but they dont because they got to make their fat salary every paycheque. hopeless.

everyone is putting higher targets because production will increase but just not at the rate that bankers is potraying. its an ok investment not a great investment but an ok investment. lets hope they achieve the 22-30% growth if not 30%+. i would be happy if they achieve anything around 15500-16200.   

Bullboard Posts