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

Comment by tinman8on May 07, 2009 12:05pm

258 Views

Post# 15974760

RE: Manipulation!!

Being played by day traders - hyped just before market open - run it up quick to over 2 bucks - sell - buy in again on the lunch time/early afternoon dip - ready for the next push.
Only trouble with this stock - its too easy to be caught on the wrong side of the trade as the engine pulls out of the station. Saw it frequently a year ago on the first run up.

Bullboard Posts

Understanding tax loss season and the “Santa Claus rally”