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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

Comment by braincloudon Feb 11, 2016 12:46pm
240 Views
Post# 24548461

RE:RE:RE:Have to wonder . . .

RE:RE:RE:Have to wonder . . .I think that with all this Capex being cut and capacity being shut in, it will have a very bad impact on future supply. What may seem as a good thing now having low oil prices short term will eventually mean that mega projects that will have to supply the inevitable increase in demand for oil will eventually result in very high oil prices. Having a talent pool emigrate overseas may very well be a sign that they are preparing for a new cost structure away from conventional sources to some degree. I just don't know enough to comment intelligently. I think we need to see more US production drop off to affect the current sentiment. I will worry about the next cycle when we get there.
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