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

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Comment by Jmarks1on May 14, 2012 7:25pm

295 Views

Post# 19908116

RE: I own 12,000 shares of this pig a 7.40

No you are NOT Stupid!!

There are just too many lying, cheating, greedy, manipulating people that are trying to get you and I to part with our money. They call it a stock market, but as NR after NR after NR have proved over the last few years the market is nothing more than a wealth transfer mechanism.

Idea is to ensure the common folks don't get too much $$/power. So there needs to be a way to transfer the wealth from the middle class to governments and people in power. Even people in the know are getting burned(JP Morgan) because they have made the entire so complex they can no longer control the animal they created.

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