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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 Aug 16, 2013 5:33pm
359 Views
Post# 21677569

Nice to be nicely in the green with Bankers

Nice to be nicely in the green with BankersI have never known a company that on its way to greatness did not have their share of time in the dog house. Apple was in there on their way to bankruptcy in the late 1990s. Bankers worked through some very serious adversity in late 2011 and early 2012. The share price touched $1.37. All the analysts for the most part were preaching doom and gloom. I wonder what most of them are preaching now that their last Q shot the lights out and production is way above guidance. All we need now is a strategic alliance with a major to really exploit the massive resource. I am sure the Albanian government would be encouraging them to take steps to develop the resource quicker now that they have the science of the praticular field much better worked out after there school of hard knocks over the last several years. IF that ever happens, we will have a $5 -$6 share price....just for starters.
Bullboard Posts