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 > Financial Results Drama

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Comment by braincloudon Mar 10, 2016 8:44pm

132 Views

Post# 24646237

RE:RE:Financial Results Drama

That could very well be the case. The 57 mill tax dispute out of the way with little or no impact will likely have a positive impact all things held equal. That's what makes a market. They don't choose to produce 15% lower. That's what it is after the new, current and EOR. IMO that's a great number compared to the average. If you believe in your call then you should be out or short.

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