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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

Big Banc Split Corp > A few more things to ponder
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Comment by ChupacabraBuenoon Aug 02, 2016 11:04am
158 Views
Post# 25102385

RE:RE:RE:A few more things to ponder

RE:RE:RE:A few more things to ponder
QUANTUMJUMP wrote: Geo-Jade is not making the purchase based on oil price today . It is an investment in their evaluation of the future. 

They are awaiting SAFE approval , nothing more , nothing less 

I was actually anticipating more of an emotional response to the downside .... with the intent to buy 

could be tonight or any other business day ( China)


No doubt Geo-Jade is looking well into the future & what the oil price will be then - though I think that many making that calculation would in some way be influenced by past & current oil prices. Why were you expecting "an emotional response to the downside"? I read the announcement as - whatever risk there may have been is virtually eliminated & investors need only wait for an approval (SAFE) that had every reason to be delayed & no reason to be withheld. Is seems that you were right & I was wrong (expecting the SP to spike up) - but what was your reasoning? Thanks!
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