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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

Bullboard Posts
Comment by arisaig1on Aug 29, 2012 2:28pm
123 Views
Post# 20275482

RE: RE: my error

RE: RE: my error

"its amazing there were millions being sold at 3+ and no one was talking then. I am so amazed that whoever was buying the shares at 3+ is not coming and supporting the stock now. why buy so much at 3+ and not support it at all when its 20% down. almost 0.70 cents from its highs."

 

It's the buyers at $3+ that are selling now.  They bought because they thought it was going to keep going up, and it didn't.  So they sell at a loss.  It will find support and they will buy in again to try and recover their loss. Not unusual trading activity for a stock recovering from its lows. 

Bullboard Posts