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 > wow

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Post by braincloudon Nov 20, 2015 4:05pm

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Post# 24310684

wow

Over 8 million shares traded today. I sure hope the shares are in strong hands now. I know it looks bad but really unless you think there is a threat of a nationalization this could very well turn out to be the buy of the decade. Either that, or we longs are really eff'd. I placed a bet on top of my already big bet. If the injunction is put in place maybe we get a bounce. Today was certainly a day when I felt the bile in the back of my throat. Yikes!

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This battery metals stock is on a path to the global stage