Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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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Comment by LordIskanderon Jun 10, 2015 6:14pm

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Post# 23817909

RE:exactly

I am reminded of one Jeff Rubin, former Chief Economist of CIBC WM, who quit the firm saying oil would go to $200 (pre 'Shale Revolution'), and now is saying $20 is not impossible (on storage concerns).

Short answer: nobody knows. We've never been in a 'cartel'-less situation before.

Now we get find out what the real price of the thing is. But be warned: Saudi Arabia is not long for this world. That country is as close as one gets to the biblical 'Abomination that Causes Desolation', and someone will wreck it out of spite.

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