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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

Big Banc Split Corp > $$$$$$$
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Comment by LordIskanderon Mar 17, 2016 3:21pm
105 Views
Post# 24671616

RE:$$$$$$$

RE:$$$$$$$This time it's an BRENT call not a stock call. Whole different ball game. While i think Brent will be recovering like crazy in 2017 the risk associated with this call is orders of magnitude higher than when Braincloud plunged in to BNK.

That being said, it is a company doing biz in a country with a bad reputation and that discount (i'm measuring it using Price/Cash Flow ) will persist.

The bad reputation of the country is not deserved but it is persistent.

https://wikileaks.org/plusd/cables/08TIRANA186_a.html
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