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

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Comment by rehsifylfon Oct 22, 2009 1:57pm

439 Views

Post# 16413522

RE: Share Shortage

Surely your not serious. We haven't seen a price run-up?

All of the traders that were looking for 10-20% gains will leave, you included, and then we'll have a run higher and a new group will come in complaining that this stock doesn't go up 10% per day.

You are part of about the 5th group this year that has come in and out of the stock. Members of the other 4 groups are now off to chase another trade, regretting that they sold too early.

Say whatever you want about the value of the stock being too high, the company not performing etc. etc. but don't suggest that BNK has not enjoyed a good price run-up.

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