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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
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Post by oksarivanon Jan 07, 2016 7:32am
157 Views
Post# 24435717

Low share price

Low share priceIs Bankers Petroeum restricted from iniating a minor share buyback program? The current low shareprice opens up for cheap shares to be bought back, which at a later stage either can be sold in the market or cancelled. I know that their cashholdings should and will go to maintain operations, however it seems like a share buyback program of $5-10 million can turn out to be a good investment.

Btw. Anyone of you who knows about breakeven costs in Albania?
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