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 cheapinskion Nov 25, 2013 9:26am

286 Views

Post# 21937526

could see a bit of a pullback I guess...but nothing major...

Oil prices tumbled and stocks rallied on Asia bourses on Monday following the signing of a historic agreement between Tehran and six world powers that will bridle Iran’s nuclear program.

While Sunday’s deal in Geneva will ease some of the devastating sanctions levied against Iran, the fine print fell short of allowing the country to increase its sale of crude globally. Regardless, markets responded kindly to the agreement with Brent crude oil falling $2.89 to $108.16 a barrel, according to Reuters.

“Right now we are taking some geopolitical risk out of the Brent market, that should be expected and we could see some loosening of Brent supplies going forward as a result of this interim deal,” Jim Ritterbusch, president of oil-trading advisory firm Ritterbusch & Associates, told the Wall Street Journal.

good luck all......cheapie