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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Post by DBNORTHon Mar 20, 2016 5:00pm

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Post# 24681369

Good Management - Get Out Of Albania

Tough on longs. Owned this years ago, got out and back in recently. Good management, corrupt government - was looking to squeeze Bankers out and replace them now that the water issues and horizontal drilling was resolved/proven. Such is the case with criminals. They won't get away with that with China backing the Co. Hope management pops up elsewhere soon. Would be willing to follow. What to do next? Perhaps my luck has changed. This outfit had great reserves and great potential and good management and analyst backing it up over the years - but Albania. If you were crazy enough to buy this recently, maybe you'd be interested in IAE on a dip - here's to $55 oil by year's end.

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Cannara reports record growth and profitability in Q4 2023