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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
Comment by dbeaudeon Jan 24, 2014 11:28pm
198 Views
Post# 22133156

RE:RE:RE:RE:RE:RE:Undervalued-big time

RE:RE:RE:RE:RE:RE:Undervalued-big timeBankers has nothing to grab except intellectual capital on how to extract the oil and royalty and furture tax in addition from an old brownfield. The government is getting over $100,000,000 per year in royalties right now. And every cent the company is making is going right back into growing production and profits of which a substantial part goes to the government. They would be idiots to screw with this arrangement.
Bullboard Posts