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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

Big Banc Split Corp
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Post by dubsbson Oct 12, 2014 11:03am
239 Views
Post# 23022425

@braincloud

@braincloudGood to hear from ya.  You are right a total melt down........ I believe this has got 8.00 easy if oil heads back up to normal levels 95.00 -105.00. Also I believe they will have a positive update on reserves which will drive this thing evan further. Seems to me this is a good time to take a position and see what happens. Some of the longs here have a good oppourtunity to average down. March of next year 7.00 - 8.00.

regards
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities