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

Bullboard Posts

Comment by tinman8on Nov 19, 2009 9:58am

355 Views

Post# 16503046

RE: MM' at it again

HOUND Not just BNK - A lot of odd moves taking place on a whole range of stocks I follow.
I think a lot of it can be put down to tax loss selling
One share I follow just had - 2 days ago - analyst initiated coverage with a very strong bullish recommendation. Where has the SP gone the last 2 days ? - absolutely nowhere.
Give it a couple weeks to get november behind us and the current lack lustre mood will likely change in the run up to Xmas.
GLA

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