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 Sep 15, 2010 8:06am

417 Views

Post# 17449669

RE: SP Action

The whipsaw action seemed to be based on no specific news.
I am of the opinion that the stock has become the 'darling' of day traders whereby - as you say- the stock roars up on self perpetuated momentum only to subside as the players take their profits.
If you look at a cross section of juniors yesterday many finished a bit weaker than they opened - without the whipsaw action.
Bottom line IMO this is a great stock - ignore the short term girations - if you are happy to see a nice fat profit in about 9 months.
GLA

Bullboard Posts

Gold vs. bitcoin, where should you invest?