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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

Big Banc Split Corp
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Post by SIRCOOPon Apr 16, 2010 12:37pm
418 Views
Post# 17000357

Support at $7.85

Support at $7.85Lookee like ole Jed called her right again boys.

Yes sir, $8.20 by close today and a real nasty open Monday as they all run for the exits.

If Jed was you he'd sure be looking to get out today and sure as heck not be adding any to the kitty, no sir.

Yes sir, Jed will be a buyer again in the low $7 range in the next week or two, yes sir.

Come to Ded.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities