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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
Post by dbeaudeon Dec 16, 2013 9:52am
288 Views
Post# 22009226

Remember what our friend Nuttal said?

Remember what our friend Nuttal said?He sold because this stock would stall out between $4 and 4.20. Well the stock is $4.43 this morning....well above his stall out prediction. So the moral to the story is....take what the talking heads say with less than a grain of salt. When Gran Tierra (another core holding of mine along with Ithaca Energy and many other non core holdings) was $5 he did not recommend the stock because it was in depletion mode of its primary reserves. Wrong Nuttal! The stock just came off approaching its all time high and like Bankers and Ithaca is on a roll.
Do your own DD.....BNN is full of dung!
Bullboard Posts