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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
Post by got2winon Mar 19, 2014 2:47pm
296 Views
Post# 22342281

Td source

Td source
 
In other analyst actions:
 
TD Securities upgraded Vermilion Energy to "buy" from "hold" and raised its price target to $75 (Canadian) from $66. Dundee Securities raised its target to $79 from $67.50.
 
Jennings Research downgraded Semafo two notches to "sell" from "buy" and maintained a $4.25 (Canadian) price target, saying the stock price has gotten ahead of itself.
 
Canaccord Genuity hiked its price target on Bankers Petroleum to $7.25 (Canadian) from $6 and maintained a "buy" rating.
 
AltaCorp Capital Research raised its price target on Crew Energy to $12 (Canadian) from $10 and maintained an "outperform" rating.
 
Beacon Securities initiated coverage on GWR Global Water Resources with a "buy" rating and $7 (Canadian) price target.
 
Wells Fargo upgraded Juniper Networks to "outperform" from "market perform" and lifted its price target range to $30-32 from $28-30.
 
FBR Capital raised its price target on Adobe to $70 (U.S.) from $52 and reiterated a "market perform" rating.
 
Goldman Sachs downgraded Orbitz Worldwide to "sell" from "neutral" with a price target of $8 (U.S.).
 
Barclays upgraded Gannett to "equalweight" from "underweight" and raised its price target to $25 (U.S.) from $24.
 
Credit Suisse upgraded Enterprise Products Partners to "outperform" from "neutral" and raised its target price to $78 (U.S.) from $71.
 
For more analyst actions, breaking investing news and analysis, follow Darcy Keith on Twitter at @eyeonequities
Bullboard Posts