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 lefmike1on Nov 12, 2012 9:32am

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Post# 20587950

RE: scratching their heads

It really doesn;t take much it appears to lower the SP to BNK, as much as they are growing, I believe the bad taste left over from last year's blown estimates are still with a lot of investors and Broker so they seem to hit this company at every opportunity. I believe no significant share price increase until after 2nd Q next year, they need to grow 50% from here to make believers out of those previously burned I think. AND they need to hit 20K BBL/D

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