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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

Comment by braincloudon Mar 17, 2016 12:30pm
103 Views
Post# 24670292

RE:RE:Braincloud = pumper

RE:RE:Braincloud = pumperThanks Mike. Braincloud=Pumper? Hmm, it smacks of THE DAVE's juvenile arithmetic. Pumper? Let's see. BNK trades a few million shares a day. Do you really think that any of my comments have an influence either way? I don't think so. I suspect that amongst those that have been throwing insults at me have a net worth less than the value of my watch. Not to be too insulting, I have a very nice watch. LOL Reviewing some of the comments they throw out on other stocks their style is the same, throw insults out and NEVER contribute anything that's worth debating intelligently. As Mike said, you can argue for or against BNK or any exposure to energy, the story doesn't vary much. I post here because I'm long this stock and I'm prepared to share what I learn. If you BF's that don't like the story why in the eff do you continue to post here? It baffling to me. They are all down huge, some more than others and predictably the more leveraged plays have vastly outperformed the less leveraged. That said, I really doubt that oil will have a straight up trajectory so I would tread with caution. The bottom line all you bottom feeders will be gone along the way as BNK goes up because it will be outside the mandate of your measly investment portfolio, if you can even call it that. I know the guys that I can have an intelligent exchange with and sometimes I will share with them directly because I don't think that the lion's share of the participants are worth sharing with.
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