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

Big Banc Split Corp

Bullboard Posts

Post by dbeaudeon Apr 21, 2013 4:24pm

223 Views

Post# 21282249

This is not a Bankers issue at this point....

.....but rather a macro sentiment issue wrt resource issues. However the defensives are crazy expensive at this point and the cyclicals are crazy cheap. I am including the very latest Raymond James report that contains their rationale for them increasing their rating on the stock from market perform to Outperform with a target price increase from $3.50 to $4.00. They have also increased their CORE NAV to just under $4.50. RJ has a recent meeting with the management team of Bankers and are very impressed with their new CEO. Folks remember that this guy was recently the VP of Business Development (including M&A) for one of the worlds largest independent oil and gas E&Ps. His expertise is "developing the business". I really like the thinking that the Raymond James analyst has included in the report. Bankers will have their day in the sun as the stars are lining up for this to happen.

Enjoy the read....I found it encouraging.

https://www.andrewjohns.ca/sites/default/files/BNK_20130409%20BNK%20New%20Strategies%20for%20Value%20Creation;%20Upgrading%20to%20Outperform.pdf

Bullboard Posts

Changing Europe’s dependency on HREE from China