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

Post by rehsifylfon May 04, 2011 9:56am

269 Views

Post# 18527874

Anyone else buying

Just curiouos, because seems like most of the posters on here are long and have to wonder why you wouldn't be buying at $8.

If they do release earnings on Friday it is setting up well. TSX and commodities are being hammered again today. With massive short positions, but most of the big biys saying the commoddity bull has a long way to run, today or tomorrow could be the market low. Combine that with fantastic earnings on Friday (or Monday depending on which
bokerage is right) and you would think that there is goo potentiall for a quick pop on this, then a long run into summer.

I think the current fund holders are going to wait for the release then start buying heavily. in the meantime, only chicken^%&^ order going through right now.

Time will tell.

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