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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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(142)
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Comment by BrokerGon Feb 19, 2013 2:41pm
162 Views
Post# 21011525

RE: RE: Bankers needs to get as much as they can g

RE: RE: Bankers needs to get as much as they can g

I think we are already starting to see this being priced in. My information had them with a 3-5% reserve decrease and a little upside in production. Market may be worrying about them obtaining all the financing they require in light of reserve decrease.

I can't believe I am saying this but Eric Nutall mentioned on BNN a few months ago that BNK had nothing in the near future to get excited about and therefore he was not taking a position. In this case, he may have been right.

 

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