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

Bullboard Posts

Comment by Terek8on Apr 07, 2008 12:31pm

296 Views

Post# 14945416

RE: Ranked High

As Sprott Growth Fund manager said in the post this weekend , BNK has a lot of shares.
519M so a 5 cent move is $25M bucks, problem is the stock wants to move a $1.00 or $2.00 or more.
Now thats $500M to $1.0B, This is the problem.

It may meltup shorterm to over $3.00 then it would be a trading sell.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?