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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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Post by dbeaudeon Nov 18, 2013 5:08pm
347 Views
Post# 21917175

I just sent the comparison to the CEO for his info....

I just sent the comparison to the CEO for his info....Bankers management owes it to their shareholders to do their part (business development and investor relations functions) to close such huge valuation gaps. There is likely not a oil producers company on planet earth that is generating free cash flow that trades at a EV/2P reserves of just over 4 times. That is almost criminally low....crazy low. Management should be promoting the story more to international investors.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities