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 > Wow....

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Comment by nexthinkon Dec 03, 2015 6:18pm

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Post# 24352354

RE:Wow....

bago wrote: just getting more grim by the minute with BNK. Nothing out of management to assure investors makes you wonder if the whole company is in jeapordy. With OPEC meeting tomorrow and chances are nothing will come of it this could hit a buck tomorrow. Right now BNK is turned out to be one scary stock as survival isn't even certain...glta

Yep do agree with you bago. It look like the whole company is in jeapordy. Can Bankers survive to this? Market seems to bet NO as the stock is collapsing since the news 2 weeks ago. The problem is Bankers doesn't have other asset. Should they can't produce any oil from this asset in the future, the stock will go to 0.

Too much uncertainty here.

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