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 tinman8on Apr 28, 2010 3:09pm

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Post# 17040873

RE: crashing...

Hard to say but - it certainly seems somebody wants to hold the SP down. I cant help but wonder if there is a suitor out there that wants to make an offer for the company - with a premium thats not based on recent highs that were well above $9 - but rather a premium on the current SP in the mid $8 range. Pure speculation on my part of course but in the absence of anything negative its hard to explain the last few days - particularly in view of the fact that a cross section of similar juniors have held up very well.
In any event my bid to buy more has been in on several days lately - with the conviction that there is nothing but very good news ahead for the company and we the shareholders.
GLA

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