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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Post by tinman8on Aug 25, 2009 11:20am

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Post# 16247121

DLS11 - Hound and I are still your friends

I imagine Hound and I would agree with you in general terms.
I'm not 'out' because I see any problems with the stock 3 or more months from now. I guess we all have a target as to when we pull the trigger - in or out of a stock. It would be strange if we all picked the same number.
I pulled the trigger at $4.02 - others will have different levels.
For me personally its a moving target - modified from time to time by changing information.
If you are correct and the stock goes to $4.25 - I say good luck to you and all those that have remained in.
I fully expect to re-enter over the next few weeks, - but if I've got it wrong then so be it - I've certainly nothing to complain about.
Right or wrong I think the next little while will be very interesting to watch.

Bullboard Posts

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