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 > Crazy Value Here Now

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Comment by Frostyfreshon Jan 19, 2016 1:52pm

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Post# 24472929

RE:RE:Crazy Value Here Now

The 56mil elephant has been priced in, and huge short positions need to be filled at some point. Other companies will be slaughtered before bnk is in any serious trouble with oil at this, and possibly lower prices.

The elephant is still an issue, but could be an opportunity more than anything. Do people really think BNK cheated Albania (who were looking for money) out of taxes?

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