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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Post by rehsifylfon Nov 02, 2009 2:18pm

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Post# 16444914

Big Money Not Done yet

Clear from today that the Big money has not brought the overall market back to where it wants yet. Today is just like last Wednesday. Surprising Good News on all fronts, but a muted response from the market. Selling will start again.

The pattern is, ignore the good news, sell on bad news.

When you have people that make statments like:

"I think we've got a situation where the smart people really believe the market should be sold here ... we need a real correction," said Jeffrey Frankel, president of Stuart Frankel & Co in New York.

It shows you how really messed up the market is. People want it to go lower , so it goes lower.

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