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 Jan 15, 2011 10:40am

286 Views

Post# 17977414

RE: RE: Insider Option Exercises and Sales

Sircoop - I find myself in agreement with you on this one (except your recommendation we should sell too). Although CEO's and other executives know more than most of us about the future of their company even they cannot foresee the future 100%.
It makes complete sense to sell their options from time to time at very healthy profits. Besides they regularly vote themselves new options - basically replacing those they have exercised, - unlike the rest of us who need to repurchase the shares we sell from time to time on momentum.
The exercise of their options (which the market has to digest) - probably explains the recent 'pause' in the SP after briefly running up just over 9 bucks.
I see no reason for concern. I believe the upward trend remains.
Cheers,
Tinman

Bullboard Posts

Gold vs. bitcoin, where should you invest?