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.

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Big Banc Split Corp

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Comment by quarky2001on Aug 04, 2009 2:06pm

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Post# 16189779

RE: S/P

I hardly think that 1 week of fluctuating around 3 dollars can be considered becoming "fully valued". A 90% growth spurt in under a month is pretty exceptional growth for any stock, and I wouldn't be the least bit surprised it hovers here even longer.

After that kind of growth, one would normally expect a serious pullback, yet after the two recent price surges, profit takers have barely been able to budge the price. There are still a lot more people willing to buy than are willing to sell, and I wouldn't be surprised if we were up around 3.60 by late August.

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