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

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Comment by tinman8on Sep 15, 2010 12:08pm

444 Views

Post# 17451207

RE: BNK and technically speaking

Stochastics - as a strategy for ones whole portfolio I would 100% agree that the old buy and hold philosophy is dead - in fact died long ago if indeed it ever had much merit.
However, I believe certain stocks are a buy and hold as a core holding - and BNK is IMHO one of them
Thats not to say that outside of the core holding some trading can be done of course.
Cheers Tinman8

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