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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 good40on Mar 12, 2016 12:15pm
97 Views
Post# 24651588

RE:Top Pick with Scotiabank

RE:Top Pick with Scotiabank The risk with all sell-side analysts is shown by their previous previous picks. All that you've mentioned have had previous price targets not met. That being said, those that are trying to appreciate their original investment obviously won't agree. The poster omgidiot selectively used only the positive
reviews and omitted those that were negative. The truth is this. Only those analysts who suggested a sell, guessed right. None of those reviews were posted here. Further, none of the reviews even mentioned the debt that could be repayable at the end of this month, nor the same for tranche 2 of the structured line of credit, which will be reviewed in Q2. 

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