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 Jul 31, 2009 9:35pm

407 Views

Post# 16183875

RE: RE: RE: a good one

You are correct, - the rating system is a farce, and is meaningless. I am not talking necessarily about any one in particular - but its a shame when someone has obviously done some research and presents a well thought out bullboard - yet receives little or no recognition. While some get 5's for meaningless comments - such as ' SHOULD BE AN UP DAY TODAY'.
Bottom line - recognise the rating system for what it is - useless !

Bullboard Posts

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