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 PineCrofton Apr 13, 2011 5:40pm

680 Views

Post# 18427338

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

Very well put tinman..... it's scary that the guys that everyone are listening to actually have the power to create the market as you point out.   In fact it seems borderline criminal !

I've always maintained that little guys like me are just pilot fish grabbing the leftovers from the sharks.   The only trick is staying with your shark.

And I love your final point... fundamentals will win out in the long term.

GLTA

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