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 aclj6on Mar 22, 2012 11:14am

302 Views

Post# 19704982

RE: RE: RE: Credibility

I'm sorry my friend, this is not going to $3, this isnt 2008 all over again :)

the bleeding will stop soon and a rise to over $6 will be taking hold by May.....someone might be out there with an idea to get into this company very soon....OIL prices will stay $125 for the yr if not more if IRAN gets their u know what kicked lol........all will be ok as QE3 is just a few weeks away :).....also CHINA will be doing their own QE's this yr.....all in all, comm prices will be just fine this yr and IMO 2012 will be the year BNK gets an offer :)...

long and strong with 12K shares at average $5.27

Bullboard Posts

Dynamic Funds Launches new ETF series on the TSX