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 Mar 09, 2010 3:38pm

228 Views

Post# 16862298

RE: up on low volume

Have you not heard? It is going to 6.00 yesterday. That is not a guess it is fact.

Interesting day today. The stock was ripe to be abused by shorts and yet they did not take advantage. Tried at the beginning of the day and at the end of the day but got their butts handed to them.

Friday should be interesting. TSX announces additions to the composite index and the presentation in New York. Add to that, the employment numbers for Thursday look to be very good and should be a bullish Petroleum inventory number tomorrow. Yeah, probably not the best time to be short BNK.

The Consumer Sentiment could be the only thing to drag on Friday - things are still pretty bad in the US and consumers are getting cranky. If the sentiment surprises on the updside, should be a barn burner.

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