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 Britt11on May 26, 2010 8:47pm

386 Views

Post# 17134450

RE: Insider trading

Welcome, a great buy especially at this level.
Okay good question- but first off a lot of the sellst are warrants and options that must be exercised or they will loose them completely.
Secondly Robert Cross sold 100,000 shares and he owns 5,000,000 so that is nothing- not to mention the shares that were sold were co-owned by Melvin. If the insiders sell a few shares its generally for living allowance, most rely on their shares for income.
At the end of the day Robert Cross still owns 4,990,000+ shares- check your info cirrcular for the AGM- the #'s are very current. Also Abbi hasnt sold any shares....so that speaks volumes to me.

look forward to hearing from someone who went to the AGM.
Hound, Tinman where are you guys?
cheers

Bullboard Posts

Level up your trading with BMO InvestorLine’s enhanced features