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.

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Big Banc Split Corp

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Post by bmeisteron May 26, 2011 10:12pm

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Post# 18632291

our flunky buddy

Anybody else happen to catch our resident flunky analyst onBNN market call today,right at the end of broadcast,fuddle-duddle on his buy of Sea dragon and short on Bankers. He says he sold seadragon because of turmoil in middle east area but is still shorting bnk because they have trouble reaching production numbers. He doesn't know if his a@s is punched or bored!! These guys are poison to the ill-informed and are as useless as ti@s on a bull when it comes to serious DD on a stock. I would be really interested in others views on credible analysts because they seem few and far between,IMO

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