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.

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Big Banc Split Corp

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Comment by tillbillyon Oct 06, 2010 1:09pm

429 Views

Post# 17535709

RE: RE: RE: Oil

I hope your right Montreal...cashed in my beer bottles and bought 16900 more shares at 7.40.
I got a feeling this is just a shake-out sell off and buy back by some Heavy Hitter. Just went thru the same roller coaster on QUX. 15.60 t0 14.60 drop. Back over 15 next day. Volatility is turning my hair white...but the market trend is up. U. P. up

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