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 > blow over soon

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Comment by nexthinkon Dec 03, 2015 6:31pm

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Post# 24352393

RE:blow over soon

casino wrote: These things happen all the time and they blow over. Buying opportunity for sure. And yes I would not be surprised if Govt official have shorted the stock and this was all planned. They would stand to make huge money. I also would not be surprised if people close to BNK management have also shorted the stock. This whole stock market thing is corrupt and who says BNK management didn.t screw around with the books a little, Anything is possible in the worlds biggest casino.

This is wrong as the short didn't increase at all. So no short at all. Just weak hand, just investors who doesn't want to take the risk to lose everything.....

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