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

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Comment by jastorontoon Jun 06, 2012 10:53am

243 Views

Post# 19985079

RE: RE: RE: Rethink. Restore. Rebuild.

Hey Ahsan, are you selling your holding you bought last week, 5000 at 1.98 ? Go ahead and make 1100 in profits. This is your only chance, LOL. I cant sell even if I added another 9000 shares at 1.96 because my avg. proce is still in mid $3.00 range.

Good thing that those bast@@d bashers will not be seen here on BB who wanted to see this stck going to $1.00. Looks like it will be 3.00 dollar stock in July.

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