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 05, 2011 8:37am

436 Views

Post# 18533170

No wonder the market is tankng

Here is the bad news:

Through Wednesday, with 386 of the S&P 500 companies having reported, 68 percent had profits that beat Wall Street expectations, according to Thomson Reuters data.

Terrible - only 68% beat forecasts.

The media may fall for this head fake, but this bad news is bs put out there by Goldy and friends who know that they have to find a way to cover the shorting. Two weeks from now, they'll have covered and all will be well in the world...until the next time they need some volaitlity.

Bullboard Posts

Rich TV Live’s Stocks to Watch this week (Nov. 15, 2024)