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 rehsifylfon Dec 23, 2013 4:48pm

455 Views

Post# 22034601

Albania

Riskier today than it was a year ago. Bankers suffered through 6 years to try and get a good sustainable business going. I'm long but I do not like the way this thing is shaping up. People used to think Venezuela was a good opporutnity too, as well as Nigeria. I like this one to $5 in the near term, but the recent government changes may be just the tip of the iceberg. Can't be very popular for an Oil company to be making bags of money when the country is almost bankrupt.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support