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 sav22on Jun 16, 2010 12:56pm

368 Views

Post# 17194341

RE: RE: RE: RE: RE: what is with it today

If I'm not mistaken, 85 cents (or 12%) is a pretty big gain for a few days. I want to be in the stock when it moves. In the mean time, I can put my money elsewhere to catch other moves or simply stay in cash to avoid a crash. Once the stock picks up steam again and breaks through the 100DMA I will step back in with a stop at the 100DMA. It could happen as soon as this week... but if it doesnt, I'm safe. GLTA

Bullboard Posts

The Market Online’s Weekly Gold Report – Nov. 27, 2024