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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

Bullboard Posts
Post by Britt11on Jan 02, 2011 10:05pm
425 Views
Post# 17917243

Shorters

Shortersmy guess is yes sir old retard Jed ahnd Granirme (whatever the F his name is, probably another alias for Jed) have already shorted this stock and are sh#ting their pants in likely getting caught with it- remember with shorts, you dont get to choose to hold on to the stock for months on end like you do when you go long, the broker houses (or their $6.95 e-trade online account) will give them a margin call to have to buy back the stock, because they never owned the stock they shorted in the first place, they merely borrowed it from other investors.
I think that idiot on BNN who said he shorted BNK at 7.65 is looking pretty stupid as well.

good luck longs, I think 2011 will be a banner year regardless of Q4 results.  

cheers,
Bullboard Posts
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