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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

Bullboard Posts
Comment by bmeisteron Jul 04, 2011 9:22pm
282 Views
Post# 18794665

RE: Seems Like ppl are still shorting!!!

RE: Seems Like ppl are still shorting!!!I'm in agreement with you,dhesi,that the shorts better cover by the 7th because bankers is only going to get better.As I said in previous posts,it is really like playing russian roulette with bnk if people keep shorting this sp cause it can, and will, burn your azz quickly.I hope to see plenty of fire come Thursday!!
Bullboard Posts