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 rehsifylfon Oct 07, 2008 7:50pm

255 Views

Post# 15512013

RE: Inside selling last 30 days

Not true. This was month and 1/2 ago (Aug 21st)

Nicholson sold 100 000 shares on Aug 21st @ 4.25. Leaves him with only 5.2 Million Shares.

He also sold 200,000 shares on Jul 11th for 1.62 (pre split).

Hardly like he was trying to get out of the stock. He has lost $10.4 Million on this stock drop in the past 2 weeks - I don't think we can begrudge him getting $425K out can we?

Bullboard Posts

BMO launches enhanced platform with tools for options trading