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

Bullboard Posts

Comment by Ahsanon Jan 10, 2012 2:47pm

295 Views

Post# 19387434

RE: RE: Interesting Read

it seems like a couple of houses have been caught shorting. they are trying to make sure this stock doesnt go that high. i am pretty sure on a bad day they will push bnk down really hard. seems like they shorted a lot around 4.60 - 4.80. we need a few institutions to really push this stock otherwise we will be stuck in this range. only if this stock goes above 5 these houses will need to start covering their positions. cibc is one of the biggest shorters of this stock.

Bullboard Posts

POET increases production capacity to meet AI demand