Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 ChupacabraBuenoon Apr 28, 2016 9:56am
161 Views
Post# 24819709

RE:RE:RE:RE:RE:Shares

RE:RE:RE:RE:RE:SharesBC, you are misquoting me - and sounding oddly argumentative. Did you think I was trying to make the case against the deal? I did NOT say ""worth that much more given the current oil price". What I said was that "many would argue that should the deal fall through BNK is worth that much or more given current oil prices". And many have made that argument on this bull-board. I wasn't "getting any stats" as you say, just stating a fact that people have made the case for a relatively high value of BNK ($2.20 or more). While I'm sure it's obvious to most BNK holders that the deal is in their interest even if they happen to be under water, the risk to investors of a no deal scenario is no doubt less with in a higher oil environment. My vote will help to ensure that the deal goes through. I hope I don't find out how much of a hit the SP would take in the event of a no vote. But if a no vote did take place I would expect the SP to drift back up to the current level, and maybe $2.20 or eventually even higher if oil prices stay buoyant - but that could take a long time. And yes due to the deal BNK is a "low risk investment in a HIGH RISK industry" -GLTA!
braincloud wrote: Chuba, That's a pretty bold statement "worth that much more given the current oil price" I don't know where you are getting your stats from , but I think you are wrong. I would suggest that you over-lay a chart of Brent on a chart of BNK. Much more, is a gross over statement!!! Also, saying BNK is a low risk investment needs a qualifier. It's a low risk investment in a HIGH RISK industry!!!


<< Previous
Bullboard Posts
Next >>