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

Post by tinman8on Jan 11, 2010 2:31pm

463 Views

Post# 16664917

COUNTER INTUATIVE -

West Texas is up about a dollar at (a very healthy) $83.75
China is apparently powering along.
Nearly all the oil related stocks started the day on the upside - then just as suddenly all the oil related stocks including BNK have gone soft.
Granted most stocks have had quite a run up - so profit taking would seem to be the explanation.
What do others think ?

Bullboard Posts

Sony’s Alpha 1 II: A new professional photography standard?