Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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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Comment by airgoddafion May 21, 2012 11:14pm

146 Views

Post# 19932069

RE: Raymond James downgrade BNK to $3.2

im withchoo on this one $1.50 is the magic number.........absolutely no catalysts in sight..... these guys have been promising 25000 bod and can hardly deliver 15000.

something is totally wrong in the land of BNK

gonna take awhile .. this is always the case when the market loses confidence in ceo comments....... i actually expect decline in production, this is just the beginnin.

probably 10000 bpd... over next couple of quarters.... and BNK will be in the pennies.

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