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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
Comment by pix4dddon Sep 23, 2015 8:39am
91 Views
Post# 24127581

RE:RE:RE:RE:TD Maintains ALB Rating and $7.00 Target

RE:RE:RE:RE:TD Maintains ALB Rating and $7.00 TargetYep we are waiting for a bottom since 1 year now....and we are still trading in the low.

In 2008 oil price collapsed in few months to $40 by christmas 2008 then 4 months after it was allready trading over $70. It was a V shape recovery. Very quick one.
In 2014 oil price collapsed in few months to $40 by christmas of 2014 then it never bounced back up. We are still trading in the low $40. This time its very different situation compare to 2008.
Today CEO of oil company TOTAL says he doesn't expect oil price trading over $60 from now to the end of next year because of too much production coming over the next few months flowding the oil market.

We might have to get used to $40 oil price environment over the next 2-3 years.

10 months ago braincloud told us we will have a V shape recovery like in 2008. I am sorry but I don't see it......
Bullboard Posts