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 tinman8on Apr 12, 2011 1:56pm

345 Views

Post# 18420086

RE: RE: RE: RE: RE: Same old game

These people like GS arn't particularly smart in calling the market - its simply that with their high profile position they are able to CREATE the market.
When they make a prediction their clients and others simply follow their advice - so that it becomes self fulfilling.
What a convenient way to make money. Being able to talk a share or a sector down so that yiou can buy cheap - then once in with the desired position talk it back up again. Wouldn't we all love the platform to do that. !
What they can't do of course - is buck the fundamentals in the longer term.
Thorough DD on the ordinary invesors part - by buying good stocks with the right fundamentals is our one defense.
GLA

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