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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 > Really quick question - What is the production cost / barrel
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Comment by Quanadienon Dec 03, 2015 10:30am
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Post# 24350193

RE:RE:Really quick question - What is the production cost / barrel

RE:RE:Really quick question - What is the production cost / barrelOK thank you.
But what is the difference between cash margin and netback?

I read online that netback is what remains in your pocket after all expenses... but what about that cash margin?

I don't get why they make 18.46$US per barrel (profit), but margin is 27.50$US

Would you care to explain?
Thank you
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