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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

Post by Ricky_Con Dec 05, 2015 8:16am
174 Views
Post# 24357268

Final Capitulation of Oil stocks

Final Capitulation of Oil stocksCompanies and countries will produce as much product as possible to stay financially afloat and this at any cost (replacement cost irrelevant) as long as they have cash or credit available to turn on the lights the next day. Once the price of oil returns to $ 10.00 U.S. (remember the late 90s)....then and only then will we finally get this capitulation. Most oil stocks of today will have closed the lights. Opec countries as well as countries reliant on oil revenues will be unable to borrow off of projected oil revenues (lenders will laugh in there face -us lend you money based on what. the fact that you can get $ 10.00 for something that costs you $ 20.00 to extract. just doesn't add up). This day will be upon us sooner than we think, and for it to really hurt I see this $ 10.00 sticking around for at least a couple of years for it to make itself credible. All this to say one heck of a buying opportunity in oil stocks coming...JUST NOT RIGHT NOW. wait for the survivors...Good Luck
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