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

Post by tinman8on Jan 20, 2011 5:47pm

476 Views

Post# 18004319

Short to medium term girations -

really dont matter at all - if you are long on this stock (or any other stock for that matter) - provided the fundamentals are sound the end play will unfold as it should.
A recent poster stated the MM's - make money on volatility - which is absolutely right of course.
When the market has run steadily up they - the MM's will twist - turn - spin any bit of news to acheive their ends to get a pullback - particularly on stocks that they want to add to their portfolios. BNK was not alone in getting 'hit' today along with some other stocks that have had recent good runs.
If one has spare cash days like today presented an opportunity.
GLA

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