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 Ahsanon Dec 14, 2011 7:57pm

291 Views

Post# 19323514

RE: RE: production and sales

i will be watching bnk very intently. my buys a few days ago were not so decent after all. obviously i lost money and I know europe is a big issue but i have a feeling bnk will do well next year. I will be buying more at 4.25 and if it goes even below that then I will be buying everytime it goes 0.25 below my previous buy. after the first week of january i believe ppl are going to start buying this. news is expected in feb and i am pretty sure it is going to be a decent one. now depending on what happens to oil and Europe during this time and first week of january bnk can go down and up. but this one will be a winner. lets see how it goes

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