Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 moneydiggeron Jul 25, 2008 11:39am

291 Views

Post# 15329409

RE: When will 3 for 1 consolidation occur?

Why did they want to consolidate?

It was to be attractive to investors that do not invest in stock that are less than $5.
At present price, the consolidation would be $3.66

Still does not make it a price of $5.
I am just wondering if they have made a good decision now that the share price is so low.

What will turn this stock around?
Be Careful!
Going to $1.10-$1.15 very fast as predicted.

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