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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Comment by rehsifylfon Aug 12, 2011 2:35pm

234 Views

Post# 18936738

RE: RE: RE: RE: RE: RE: RE: RE: Short Sellers

lepton,

Thanks for the education. Please explain to me how buying a put affects a compaies debt to equity ratio, index listing requirements, and equity position of holders of the common shares? Answer is that it does not. Shorting affects all of these.

Also - in order to buy a put, someone has to be willing to sell one.

Ask yourself this. If they were the same, why would anyone need to short a share.

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