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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

Big Banc Split Corp
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Post by multicoreon May 05, 2009 2:35pm
393 Views
Post# 15968392

Up On a Down Day

Up On a Down Day

It is interesting to see BNK up today while others are down. I cursed the consolidation but averaged down around $1.00 in the Fall but should have bought more.

The undervalued Coastal Energy (CEN.V) is at it's highest in a long time as well today.

Even Candax (CAX.TO) perked up a cent or two today in the green.

However, of the dozen or so I follow those are the only three up today.

Regards.

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