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 rehsifylfon Jun 03, 2011 10:32am

269 Views

Post# 18667284

RE: Usual Suspects

1 Anonymous	29,600	219,164	7.404	152,800	1,128,825	7.388	-123,200	909,661
11 MacQuarie	0			199,400	1,472,586	7.385	-199,400	1,472,586

Someoneneeded out bad or games again are being played. MacQuarie has been a huge net buyer over the past month with net $7M in buying at average of nearly $8. Today they sold into eveything to dump 200K shares at an average of $7.385. And it seems they have plenty more for sale at that price.

Annon is just along for the ride, but 11 is holding it down. lots of buyers at under $7.4 though.

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