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 tinman8on Mar 09, 2011 12:28pm

258 Views

Post# 18258818

RE: Quite the battle this am

I agree with you Rehsifylf - these steep declines (not just BNK) - are counter to the fundamentals.
And yes it is scare mongering/manipulation - calculated to unseat the small and medium sized retail investors from his/her holdings.
Thank god I've been investing long enough to know in the long run <FUNDAMENTALS ALWAYS WIN..
Thank god also that I sit with lots of cash.
Bottom line is that I will view the current debacle as a second bite of the cherry to top up my positions in stocks (like BNK) - where I know from thorough DD the fundamentals to be sound.
GLA
Tomorrow is another day.

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