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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Comment by bmeisteron Mar 14, 2011 11:29am

203 Views

Post# 18280998

RE: hold

Any long term holders of bankers, like myself, have an idea of why bnk is so volatile for a relatively safe,consistently producing company with plenty of reserves? It almost trades like a day trade as compared to other similar producing companies. I have added a bit more on this dip and will hang in there for the long term, as I did with Rally. I am a big believer in management an d that is a saving grace for me on many days when trading just doesn't seem to make sense. Any thoughts,Tinman, or others whom I respect on this board. Just curious if others feel somewhat like I do. Yes,even Jed can wager a surmise or two here,lol

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