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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 jastorontoon Feb 25, 2012 11:46am
400 Views
Post# 19585069

RE: RE: What retail investors can expect from BNK?

RE: RE: What retail investors can expect from BNK?

Hey bmeister, sometimes we have to make a decisions, wrong or right. I'm in the same boat, LOL. I made a stupid decision, sold my holding of Biovail BVF, and bought BNK but they put me down and all my profits are gone. Thanks to Inmet mining IMN, where I hit a home run and made good profit.

Now if you take my advise, please my PD and UUU and forget if for six months. I am also long term on manulife and TLM.

here is what I did:

May 18, 2010 May 21, 2010 Sell BIOVAIL     -700 16.42 C 22,144.05 C
May 18, 2010 May 21, 2010 Sell BIOVAIL     -300 16.42 C 4,916.05 C
May 18, 2010 May 21, 2010 Sell BIOVAIL     -650 16.40 C 0.00 C
May 13, 2010 May 18, 2010 Buy BIOVAIL     400 16.76 C -6,713.95 C
May 11, 2010 May 14, 2010 Sell BIOVAIL     -700 17.22 C 12,044.05 C
May 05, 2010 May 10, 2010 Sell BIOVAIL     -1,000 16.98 C 16,970.05 C
Apr 29, 2010 May 04, 2010 Sell BIOVAIL     -500 17.03 C 8,505.05 C

 

later in June 2010, Biovail bought Valient and became VRX and kept going up like a rocket to $ 22 to 25 to 35 to 55 within 4 months and I would have made over $200,000 but God had some different plans for me.

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