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

Post by stocktaon Nov 21, 2008 4:28pm

680 Views

Post# 15602785

Check out buying of BNK after the bell...

Here is an indication of buying after the bell today, typically a sign of mutual funds buying at end of day prices. I haven't seen this in a while so maybe this is a sign that a bottom is in. Normally over the past month there have been mutual fund redemptions after the bell but when they are buying I think that is a good sign of a turn around.

Last Ten Trades

Time	Price	Shares	Change
16:10	0.770	11,000	0.120
16:10	0.770	1,000	0.120
16:10	0.770	1,000	0.120
16:10	0.770	3,000	0.120
16:10	0.770	500	0.120
16:10	0.770	21,000	0.120
16:10	0.770	16,000	0.120
16:10	0.770	500	0.120
16:10	0.770	1,500	0.120
16:10	0.770	2,000	0.120