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 21, 2009 8:17am

392 Views

Post# 16006116

RE: Can't figure this out

Puzzling - Yes   But not BNK stock specific.
Take a look at some other favourite juniors - GTE    IAE   PRE   - much the same story
- to name just 3 popular junior oil plays - And no doubt there are others.
It looks like a period of consolidation with the SP's held back by profit taking by investors who were in earlier.
My guess is that pressure is building for a break out higher soon
- just MHO of course

Bullboard Posts

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