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.

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Big Banc Split Corp

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Comment by rehsifylfon Feb 11, 2010 10:24am

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Post# 16774731

RE: RE: sp affected by this?? Manas Extended Alban

This is what I mean by not tryng to play with the pros. There are going to be many small investors that just had their shares stolen by these guys over the past week. There will be many "Day Traders" that thought they could make an easy few cents here and there, that just lost a pile of money.

Trading is not a game for amateurs. Investing is.

BWT - the price gets manipulated both ways - though i don't see too many complaining about the push up over the past few days. The real value of this company has not gone down 20 percent in the past two weeks, nor has it gone up 10% in the past two days.

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