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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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Comment by ninetiesgolferon Dec 12, 2014 9:42am
196 Views
Post# 23223100

RE:RE:2015 Capital Budget and Work Program

RE:RE:2015 Capital Budget and Work Program
I think that if BNK can avoid a significant production decline in 2015, it has managed its operation very well. If prices increase, it can ramp up production. I think I heard French say in the conference call this AM that for every $5 per barrel increase above $70 Brent, it will add one additional rig (beyond the 3 rigs anticipated). I like the company's conservative approach, protecting the balance sheet.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities