Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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.

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Big Banc Split Corp

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Post by LordIskanderon Jan 11, 2016 4:05pm

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Post# 24447556

Mandelbrot and oil price volatility.

A tad too statistical, but essentially Mandelbrot proved that prices of commodities do not follow a normal distribution (Gaussian), but are rather erratic with volatility from 'mild' to 'wild'. We are now in a 'wild' volatility period meaning that a drop/increase in price more than 3 sigma (standard deviations) away from the mean is more likely than ever to be followed by another one.

So $20 Brent is not beyond the pale.

Let's hope for our sake that level is reached soon and catharsis happens fast.

https://www.reuters.com/article/oil-prices-kemp-idUSL5N11828J20150902

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