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 Dec 17, 2009 9:36am

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Post# 16596424

RE: institutional holders

Hard to believe this stock didn't drop more with that many net shares being sold by institutions.

As of last December my targets were - end 2009 - $3, end 2010 - $6, end 2010 - $9. Well ahead of that.

BNK is an easy stock to invest in with confidence. In the long term, they have a proven large inventory of a commodity that will be required and will increase in value over time; a profitable way of extracting, processing, and distributing it; and management that understands that to be taken seriously by investors, a long term strategy and not short term pumping is what is required.

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Investing with insurance and protection