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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

Bullboard Posts
Comment by jfallenangelon Nov 20, 2008 12:54pm
431 Views
Post# 15599080

RE: I have just one serious question -

RE: I have just one serious question -Perhaps Sprott

Every single top 20 stocks in every fund they own is down big.  I think Hodsons funds is down more then 75% last year.  Sucks because i love his style and picks.

These guys still are still profitable at $50 oil so they can weather the storm and have the asset life to wait this out....just have to deal with the BS in the interim.  The market in generally is broken though, we are not going anywhere fast in any asset class.
Bullboard Posts