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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 pix4dddon Oct 26, 2015 6:41pm
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Post# 24228719

RE:Further on goldman sachs predictions

RE:Further on goldman sachs predictionsBrainy you were wrong in the past that is a fact. How can we trust your prediction again ???
We still have close to 2MMbpd overproducton. Demand is expected to increase by max 1MMbpd next year. So we still have 2 more years of oversupply left as production is not declining even at $40 oil (US oil shale still a around the same level ast the begining of the year, so resist pretty well). Overall conventional oil not declining yet.
 



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