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 Dec 18, 2009 5:21pm

366 Views

Post# 16602805

RE: RE: Silly, unnecessary posts

To be fair to JP11 - he is right when he says our recent bullboards are adding nothing of interest concerning BNK.
However, I think hes missing the point if he thinks it matters.
We have all been through a rollercoaster year on the markets, and what with the incredible upswing in the stock - we are all flying high as kites - kind off letting hair down having a bit of fun.
Truth be told most of the longs on this board have followed the stock for so long - and done their DD so thoroughly, - that its hard to add anything thats not already well known to everybody.

PS - I will update the guesses on the last traded SP of 2009 soon. It will be the last update.
I'd rather like to add a buck to my guess - lol !

GLA

Bullboard Posts

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