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.

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Big Banc Split Corp

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Post by Quick4youon Mar 22, 2016 12:36pm

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Post# 24688365

All the analysts revised target to $2.20 (Canadian)

Market Beat

Refenrence at:
https://www.marketbeat.com/stocks/TSE/BNK/

Date	Firm	Action	Rating	Price Target
3/21/2016	FirstEnergy Corp.	Boost Price Target		C$2.00 -> C$2.20
3/21/2016	CIBC	Boost Price Target		C$2.20
3/21/2016	TD Securities	Boost Price Target	Speculative Buy -> Tender	C$1.90 -> C$2.20
3/21/2016	Scotiabank	Downgrade	Outperform -> Tender	C$2.50 -> C$2.20
3/21/2016	FirstEnergy Capital	Boost Price Target		C$2.00 -> C$2.20
3/21/2016	Dundee Securities	Downgrade	Neutral -> Sell	C$1.20 -> C$2.20