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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

Bullboard Posts
Comment by tinman8on Aug 05, 2009 7:43pm
329 Views
Post# 16194411

RE: RE: RE: RE: Sir

RE: RE: RE: RE: SirI  have to agree with DLS11 - any dip under $2.75 represents a great buying op.  Shane had that op a short while ago and presumably missed it.
Thats why I suggested to Shane that its sometimes better to pay above an exit price on a good stock when one has been tempted to sell to soon.  I've certainly done that a few times.  For some reason Shane seems to  take advice as critique.   Like Houndtrader, I am surprised at his recent responses.  Anyway I hope he gets lucky and gets back in - I just think he may miss it again though - if hes too determined to wait for the price he really wants. 
I am looking for a bit of a pullback to increase my holding - so have no particular axe to grind regardless of whether the SP moves higher - and I make more on my existing holdings, or  goes down allowing me to add for a bigger payoff later.
GLA - and no hard feelings Shane
Bullboard Posts