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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

Post by wittmannon Nov 20, 2015 12:23pm
142 Views
Post# 24309616

Coming across to stern?

Coming across to stern?If thats the case then my apologies but its days like this that strain everyone.But I will stick to my assessment of the situation.I still believe that we are oversold based on negative speculation.And although noone likes uncertainty ..thats what we have.Albania is a strange country,and thats the main reason some analysts wont recommend it.The business practices have been questionable and thanks to Hollywood,the 'clan culture' is alive and well.
But thats not reality in the modern wests businesss world.This will blow over.And you can be rest assured that if this were serious......we would be much lower than what we are...much lower.
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