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 rehsifylfon Mar 31, 2011 5:29pm

261 Views

Post# 18369823

RE: RE: NEWS RELEASE

Hound - up until now I was able just to read your posts and laugh. But seriously - you were able to get in before the market opened? Thats a good one, thanks for the laugh.
What you learned here is what alot of people have learned with BNK. Just buy your shares and hold them. I'll add you to the list with Shane and a few others that think they can out-trade the pros.
Tomorrow, when it is down, I suppose you'll say you got out because you're waiting for the market correction in May.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support