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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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Comment by DLS11on May 07, 2009 10:21am
289 Views
Post# 15974240

RE: Straight UP-Straight down

RE: Straight UP-Straight downPlease tell me you're kidding...average trading volume turned over in first 45 mins this morning...the pros buy in waves knowing sellers will move in as the buy orders are pulled for a little while...let's see how the rest of the day goes...I guessing we are back over $2 and maintain there, if not today, then tomorrow (unless the crude price tanks, then we may have to wait a little longer).

DLS
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities