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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

Big Banc Split Corp
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Comment by dbeaudeon Jun 03, 2013 3:29pm
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Post# 21477103

RE: RE: Bankers held in a range.....

RE: RE: Bankers held in a range.....

That would do it BC. They are pretty influential. Would love to see a copy of their report. It may have been as a result of their lower expectations for crude. A lot of shares trading today (will be over 4 million shares on the TSX alone). Would anyone have access to a Goldman report they can e-mail me? Always interested why a firm changes their rating. Maybe they have been trading the stock or as I mentioned more likely they have revised their commodity price assumptions which affected the valuations models for their oil E&P universe. These guys need to start shaking is up some and make a move to unlock some of the great value in the stock.

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Dealroom for high-potential pre-IPO opportunities