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 24, 2009 9:58am

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Post# 16616992

Big Block this morning

Someone decided to give themselves an early Christmas Gift - 5 Million shares in the first 15 minutes.

I'd rather have oil in the ground than gold in the vault right now. In 5 years the OIP will be worth far more than the gold. Not sure what 2010 will bring - as someone said "Fluctuation in the markets" is a safe bet. Beyond that - OIL.

Good luck to all longs. If you've held BNK all year, then you should be feeling good. The temptation to sell will be there, but if you look 2 years out, you'll wonder what you were thinking. I still have not sold a share and don't plan to for some time.

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