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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 investor19on Apr 27, 2016 7:01pm
228 Views
Post# 24817621

RE:So all you idiots

RE:So all you idiotsNovember 16th 2015. Brent closed at 44.56. Bnk closed at 2.23 per share. November 20th the news of freezing the bank account instantly dropped the stock 43 cents and then the demise of oil until jan 20th dropped it the rest of the way to 60 cents(intraday low).  With a favourable outcome on the Audit expected it would actually be nice to see the deal fall through.  If the current oil run continues anyway. Add the 20 million from geo if the deal does fall through to the money the Albanian gov likely owes us back and were trading at 2.50 If oil reached 50 a barrel.  We're likely wasting our breath even talking about the deal not going through but what do I know, I guess it's nice to think about making an additional 30 plus cents. If oil drops we will all be pumped to see the deal happen. Imo. 
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