Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 braincloudon Dec 22, 2015 11:17am
319 Views
Post# 24404741

Am I ever glad this year is over

Am I ever glad this year is overIt's been a tail of 2 markets, Canada and the rest of the world in USD's and this year the stars didn't align themselves for Canada. Our dollar being so closely tied to the oil price is in the penalty box and will likely remain there for a while. The very last thing we needed to see was this idiotic issue with the Albanian's. With the debt offering and the involvement of the EU, IMF and the Canadian government I think the Albs got the message. That said, the damage is done. If the smoke clears we get a modest bounce in the stock. I won't even speculate how far it might go. Oil has broken to levels not imagined by the best out there, so I don't feel that bad about being in the space ( not! ). I think though, that US shale will see a substantial cut in production followed by a series of remarkable defaults and a round of fire sales as well. Interesting ( mostly amusing ) to me was Herr Himmler's comments about the huge increase of idiotic posters that came out like an army of roaches. More remarkable, is how blatantly misinformed and ignorant they are. I think I have increased my number of ignores my ten fold. I think I have 40 plus now. I think of them like trophies LOL. Is that wrong? Merry Christmas
<< Previous
Bullboard Posts
Next >>