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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 May 17, 2012 5:10pm
250 Views
Post# 19922838

RE: news release

RE: news release

I agree with you my friend, BNK is making money, they doubled their year over year production. The problem is production downfall, they are not delivering what they promised and short sellers found an excuse to sell. Nervous investors placed their stop loss orders and automated trading broke through all support levels. I believe that within two weeks it will be trading at $3:20 and short sellers will rush to cover their a**

Not only BNK, total energy sector is suffering. look at TLM, PD, PBG, PBN, TDG, SU, VRO all are trading at 52 week low range. Please be patient, this baby will grow and be out of woods soon. I'm not throwing my holdings at all. Let the Europian dust settle down a bit. DOW and Nasdaq will do good once again.

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