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 > BRENT $35 big support at $20

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Comment by nexthinkon Dec 14, 2015 12:57pm

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Post# 24382553

RE:RE:BRENT $35 big support at $20

You are not afraid BNK goes bankrupt should oil stay at $20-$30 for few years ? You are not afraid of dilution with fundraising, or decline of production....?
Under $30 oil BNK is definately not profitable without hedge. So they will increase their debt (which is now around $120 millions but growing).
I think its pretty risky to go all in on BNK especially you dont know how long oil can stay low. BNK is very speculative investment. You can make a lot of money or lose everything, depending on the price of oil or the way the albs acts.
Oil price might stay very low few more years, nobody knows.....

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