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 Feb 14, 2012 10:15am

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Post# 19530643

RE: RE: Exit and average production

Well said,dbeaude,and thoughtfully written.Agree with your assessment fully. MM's are certainly playing with bnk for the past year or more as it seems to push or pull with no apparent reason on any given day. brent prices have been super,which translates into greater margins for bankers and it isn't the small retailers moving this. I am long on this but it sure does test one's patience and fortitude with the volatility that seems imposed to a degree for various reasons. And yes,management has to take some blame for this volatility also.IMHO

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