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 > Bankers Petroleum Ltd. (BNK) Receives “Outperform” Rating

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Comment by ChupacabraBuenoon Apr 29, 2016 10:31am

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Post# 24824953

RE:RE:Bankers Petroleum Ltd. (BNK) Receives “Outperform” Rating

Their 'Hold' recommendation (because the upside is only 63.5% at their own target price) is a riddle wrapped in a mystery inside an enigma. Tender/Buy with a target of $2.20 is far more common. And more logical. Almost every share traded in the last 6 months, and most of those traded in the last 9 months are in the hands of someone for whom $2.20 is a worthwhile profit. For many others it is a chance to minimize their losses. That's 100s of millions of likely yes votes and there are just 261.6 million shares outstanding. So $2.20 by the end of June is a high probability scenario. The main risks are Geo-Jade getting it's financing & approval. Strong oil despite continuing oversupply may help to motivate them & their financiers. -GLTA