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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

Bullboard Posts
Comment by onerealityon May 22, 2012 8:45pm
303 Views
Post# 19935590

RE: BNK -7.30%

RE: BNK -7.30%

 

"virtually every oil stock is up today, and most up big
People are pulling their money out of BNK today --something is obviously not right here"

 

Back in Aug someone asked if someone who was short would explain their rational. I did. I told you that I was long for two years on this stock and swung to short a few months prior to the post when I learned that things were not quite as they were being presented to be. The water issue was not minor and they knew that. 

 

Time has vindicated me once again. I may have picked up a few Ignores from those those with closed minds, but they paid a much higher price for there ignorance. People, this is a money game and the ones who have the most to gain are the ones stepping up to the mike. Do not trust and fall in love with any of them.Trust your research and do not be afraid of message board posters who make statements that are opposite of your present position...Some of them may be useless jerks but on the other hand they may just be people who actually know more than you do.

 

 

Bullboard Posts