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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 lefmikeon Nov 06, 2015 1:05pm
134 Views
Post# 24267251

RE:RE:Quaterly results

RE:RE:Quaterly resultsNothing like rose colored glasses the pixxie.
Yes an awful lot can go lower, so can the price of brent and so can WTI.
All you're really saying is that therre are only negative scenarios which obviouly on this thread you're free to do.  .
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Now for a claimed holder of BNK  your outlook is pretty weird in my opinion but to each his own. .
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My question to you would be this however, " IF your outlook is so bad and you see very little good in the future of this company why would you hold? .
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If you're holding because lets say you are down a buck per share  why are you not selling and staying true to your estimate based on your facts  BNK might conceivably drop to a buck you can buy back and you're even  and really the sky the limit. 

Presently the vast majority  of longs I'm guessing are down,  personally I'm down over 50K  and yes I'm still here,  will I ever get that back,  I honestly believe I will, Fuuuk I also dropped a lot in other resource companies but I will state this and you can take it to the bank I believe.  I feel of most small to mid sized resource exploration and development firms BNK is way way   above the curve ir recovery AND substainability  now thisis just my opinion of course.
 
Bullboard Posts