Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mar 10, 2010 10:43am
277 Views
Post# 16865291

See Ya!

See Ya!How many times does Lucy have to pull the football away from you guys before you realize that trying to trade in and out of BNK is a recipe for regret?

Oh, I know all the peeps that "Sold some at near the high" then "got back in at the low".  But really - anyone who has ever tried it, knows that once you get out, its hard to jump back in.  In most cases, these folks disappear and will always think about the one that got away.  For me it was Microsoft in the early 90's and RIM in the late 90's. 

Congrats if you held your shares.  My target of $10 for end of 2011 now looks pretty conservative - yet when i made it last March - it was scoffed at by most (except perhaps tinman8 and houndtrader).

Like Abby - I'm taking the recipe for success from Bankers and applying it to a couple of other junior O&G companies. 
Bullboard Posts