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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
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Comment by bmeisteron May 10, 2008 1:28pm
500 Views
Post# 15059230

RE: out @1.97 hpoin for p-bac to re enter tks dave

RE: out @1.97 hpoin for p-bac to re enter tks daveOh brother,is this the wrong time to sell!! This stock is the image of Rally and ,mark my words, will be every bit as successful in very short order,i.e. 2 to 3 years, it will be at least $5 . This is a no brainer-they have the reserves and will be adding to those reserves,let alone increasing the recovery rate from a 6% at present to a potential 10 to 15% by 2010.  I like them apples!! Tell me why i shouldn't be optimistic.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities