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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
Post by dbeaudeon Feb 15, 2013 12:41pm
217 Views
Post# 20996300

this has nothing to do with Bankers

this has nothing to do with Bankers

The two day fall is not particular to Bankers, most oil stock are are getting hit. Suncor has been off significantly the last two days as numerous others. I think the seasonal sell off may have already begun early then last year which was earlier than the prior year. Look the 5 day charts for Suncor and Bankers. Though not so dramatic Suncor is acting the same way as Bankers. Also GTE is getting hit. I think it is a general oil sell off. Bankers is viewed as one of the higher beta oil producers particularly on the down side.

Bullboard Posts