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

Bullboard Posts

Comment by tinman8on May 06, 2010 3:26pm

439 Views

Post# 17071033

RE: Markets

What we are seeing is a 'battle royal' between the shorts and the longs.
An $8+ share doesnt go through a full dollar plus giration on no specific news - unless some serious and coordinated shorting is going on.
The shorts have used the uncertainty of Greece's problems to pull the rug. Fact is the EU simply cannot allow the rescue to fail - so it wont.
The stop losses have greatly exagerated the movement.
Next week with Q1's imminent we will be back to normal levels.
GLA

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