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

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Post by tinman8on Mar 10, 2011 11:30am

219 Views

Post# 18265569

The problem is who wants to get -

their feet wet first. The SP will slide - not because investors dont want to get in - but through fear.
People see a big decline, step in too soon and get burned. After that everone sits on their hands waiting for a turnaround. Ergo no buyers - slide continues. At some point it will run its course - and when it does look for a rapid run up as everyone gets off the fence to dive in before they miss the train.
GLA

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