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.

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Big Banc Split Corp

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Post by Britt11on Mar 13, 2015 12:51pm

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Post# 23518536

Question for the BNK math techies

I know some of you are really good at crunching BNK numbers against, production /debt and cost.
What is your analysis/opinion if oil goes to $20 or $30 a barrel.
Everyone note, I am long on BNK but I am concerned as with everyone else in the world with the US stockpiles and over production (they are not cutting ). They had a record jump (in history) to 87% capacity and they are predicting no room by mid spring which will send oil into a downward spiral.
As I said in my earlier post, the US are going to drive oil into the ground and they will. The traders have now shifted gears to an all time high short position on oil futures, they can't all be wrong.
Of course oil at super low prices will be temporary but can Bankers withstand that drop?
Look forward to hearing some educated answers
cheers
britt

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