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 > Get out while you still have $ left

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Comment by VladimirPutinon Jan 18, 2016 8:19pm

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Post# 24470519

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Get out while you still have $ left

It's actually 6.9 million with assets of over 16.5 million. Debt to equity of 29.4% which is excellent for the industry. Plus that debt is split among a credit facility which has ample room left (1.9 billion unutilized credit) and bonds. Little danger of debt at this level. BNK has a debt/equity ratio of 14.2% so not bad either.

My opinion is the only hang over on BNK is the Albania government and oil is at $28-30/bbl. When oil goes up this will be a good junior play as Albania should be happy with the royalties again. All goverments get anxious when the royalties fall off.

Best thing about CPG is the cash flow.

Cash Flow: $1.55 billion at $40 WTI $2.2 billion at $60 WTI

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