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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 jastorontoon May 08, 2012 6:33pm
383 Views
Post# 19887038

We need only one good news!

We need only one good news!

Hey friends, good day!

Please don't listen to those people who want to see BNK dropping to $ 2:00 range. Its not gonna happen. If they are so sure then they must short this stock and get  burnt. I have no doubt in my mind that BNK willn't be trading at $ 6:00 plus by year end.

They  are making money and all they need is ramp up their production to 16,000+ bl/day and they can do that. I'm long term on this stock and will add more when it starts moving to 3:85 range. Good thing is that it has been showing resistance at $ 3:50 when all other oil stocks were down 8% or more in last two trading days. Good luck to all long time holders.

Jas

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