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 rehsifylfon Oct 28, 2008 9:12am

433 Views

Post# 15550849

RE: Stop bailing out the Shorters

Stop buying to get shorty. Thats a good one.

Could it also be that the kind of investor that buys BNK is a high risk/high reward type investor (they don't want no stinkin' 15% return, they want 200% plus). This type of investor is the most likley to use margin accounts to leverage even more. When things tank, like they have, margin investors are screwed and have to sell.

I said it before - I have no problem with anyone shorting a stock. Shorts take risk also. Manipulating it is a different story. I believe there has been some of that happening in the market turnmoil and to me that is tantamount to looting during a hurricane - vile behaviour that I very much hope is exposed later on.

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