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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 jr1010jron Mar 29, 2012 9:21am
242 Views
Post# 19732283

RE: RE: RE: RE: RE: RE: HUGE HUGE BUY ORDER

RE: RE: RE: RE: RE: RE: HUGE HUGE BUY ORDER

That's what I was saying.  Yes, 500k shares is a drop in the bucket for these huge investing firms and hedge funds etc....however, would you rather see 500k shares sold??  Obviously someone likes the stock at this price.......

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Dealroom for high-potential pre-IPO opportunities