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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

Bullboard Posts
Comment by rehsifylfon Feb 09, 2010 4:12pm
523 Views
Post# 16768347

RE: sp affected by this?? Manas Extended Albania T

RE: sp affected by this?? Manas Extended Albania TThe sp was affected by people who want you to start trying to guess what the stock price was affected by. 

Ignore the manipulation.  Do a gut check and just wait them out while they play games.  My advice would be to not try to play the game with them.  They are pros.  Next thing you know you'll be taking a loss, sitting on the outside looking in, and thinking 'coulda shoulda'. 

Hey - I was the guy yelling what the hell is going on when these same crooks took it from $3 to under a $1 in late 2008.  But now looking back - they did me a favour.  The only guys that got hurt are the ones who jumped out on the way down and didn't get back in.

The stock market is easy when you think longer term (as little as 2 years) - as long as you are in a company that you know has the goods.  BNK has oil, and oil is good for the foreseeable future.

As of todays close we are all the way back to where we were in mid December.  Check out he chart from Dec 2 to  Dec 10th - then look what happened right after.

I'd love it if a stock just went up and up and up and up....but haven't found one of those yet. 
Bullboard Posts