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 12:03pm

288 Views

Post# 18668005

RE: RE: RE: RE: Usual Suspects

To be clear - they didn't sell short at $7.33, they started shorting after Mac dumped 200K at $7.38.

The first three words of your post "Makes no sense" describe the markets perfectly.

For all we know, Morgan Stanley could be shorting as Anon and buying them back - they are

As long as the OSC lets brokerages hide behind small lot trades (i.e. 200 trades of 100 shares) and annonymous trading - this bs will continue. You can either try to makes sense of the daily swings, or look long term and when you see a chance to buy something like BNK for $7.25, you take it.

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