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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 braincloudon Apr 12, 2016 11:55am
97 Views
Post# 24756713

RE:RE:RE:Time to reflect..

RE:RE:RE:Time to reflect..I agree, and the fact that they got a bid substantiates that fact. I hope that the Doha meeting results in no production cuts, we tender our BNK stock , then pick something else to ride the next wave because OIL will get crushed again. That's what I'd like to happen, so it won't. It seems to me that there's much speculation that Iran, Iraq and Libya won't have anything to do with a production cut, but what they can do to increase their production remains a big question. All have talked big , but I'm not so convinced that they have the resources to do much. If they freeze production levels at January levels oil will have a rip higher and holding on to BNK shares will have proven to be a bad decision. We should have sold and moved on. Hindsight 20/20 right? As it stands the most heavily levered Oil cos. have had a huge rip higher. Look at BTE , WLL and CHK, all have doubled and tripled from the lows. ugh!!
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