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.

TSX:BNK - Post by User

Big Banc Split Corp > for those that would like to read

<< Previous

Bullboard Posts

Next >>

Comment by LordIskanderon Feb 10, 2016 1:30pm

117 Views

Post# 24544352

RE:for those that would like to read

Great stuff:

so asset sales are neutral to the oil price, lower capex means price increase down the road, but the wild card is their frigging debt and their increased propensity to hedge production that comes with it?

So they keep producing to pay interest/coupons, and they keep hedging at lower prices just to get some revenue stability. Not to mention state owned firms in Russia/Brazil/China actually borrowed so they can pay fat dividends to their governments, but now have to keep pumping just to pay their debt obligations.

Well I hear Russia can't roll its debt at these prices in 2017.

CLEARLY THIS MEANS THAT DEBT HAS TO BLOW UP and turn into equity, but every regulator/bank out there fears contagion into other sectors of the credit markets, and they are keeping these firms alive as zombies by not yanking their lines of credit.

<< Previous

Bullboard Posts

Next >>

Global Tungsten Market and Supply Security