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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

Financial Services Asset Management
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
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(142)
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Comment by BrokerGon Dec 12, 2013 11:29am
289 Views
Post# 21998846

RE:RE:RE:Here is the jig with Bankers.......

RE:RE:RE:Here is the jig with Bankers.......
Just finished listening to conference call. After falling asleep twice during a 10 minute call, I have to say, that once again we are not looking at anything to get this stock moving anytime soon.

The two analysts [haywood and rbc] asked cost cutting questions. Absolutely nothing on joint partnerships or looking for a buyout suitor or management's outlook on how successful polymer will be.

Also, management feels that increased capital expenditures will eat up any free cash flow unless Brent stays at these levels.

Back to sleep for another year.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities