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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

Big Banc Split Corp > Are we the only ones holding shares?
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Post by jostroon Jul 07, 2016 12:27pm
189 Views
Post# 25032033

Are we the only ones holding shares?

Are we the only ones holding shares?I am losing confidence in the stock and a thought came through my head. There have been a few comments recently about how the stock is a bargain at $2.00 - 2.05 because we all are speculating on when the closing date will be. (Even when there isn't news being released.) 

Are the only people buying shares the same people on this message board? And as a result bumping the stock back up to this range? obviously there are huge numbers at open, but the rest of the buying throughout the day I am beginnning to assume is coming from us shmucks.

Let the person before saying they bought at 2.05 and will make 3K. I am assuming they bought 20K shares, that would make their purchase at 10:28 this morning. As no other time other than the opening minutes was there more than 17K traded.
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