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

Bullboard Posts

Post by Ets1on Jan 15, 2013 6:46pm

241 Views

Post# 20842415

Better Days Ahead

Although the share price has declined from what shareholders would of liked I believe that there are better days ahead for Bankers. As production levels continue to expand and new wells to come on line this quater we should see an improved share price.Analyst shown on globe investor (15) still rate day results with a stong buy rating.(Are they correct?....time will tell)

Bought in just recently and will see what the quarter brings us.

GLTA

Ets

Bullboard Posts

Understanding different debt management strategies (good debt vs. bad debt)