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 bmeisteron Jan 18, 2012 3:27pm

364 Views

Post# 19418622

RE: RE: RE: RE: CIBC

Yeah,i warned way back about Asshit, (oops,sorry for the typo,lol) he is a dumb basher whom I have on ignore but I gather from your posts is hanging around like a hemmeroid. Too bad because most posters here have been long term investors in BNK and don't deserve the dribble of pseudo-intellectual bashers cloaking as investors.

On a positive note,we should get an uplift when reserves and updates come in in the next few months.Yes,Hound,that $9.00 a share looks good to me also. Patience is a virtue.

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