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 tinman8on Aug 21, 2009 4:37pm

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Post# 16239396

RE: BNN

Hound - I'm pretty much with you on this one short term. If you ask me about Bankers SP in November - no worries.
However, with september looming - notorious as generally being the worst month in any given year - and no major correction having taken place yet - I am somewhat concerned.
I will watch things carefully next week and will likely look to increase in my position on any significant pullback.
Apart from the comment on BNN - which I take with a pinch of salt - my own concerns are the last 2 trading days each showing no follow through - despite oil up higher - and finishing the day lower than the opening.
GLA - have a great weekend.

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