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.

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Big Banc Split Corp

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Comment by Ahsanon Jun 08, 2012 12:16pm

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Post# 19993539

RE: Canaccord sees $7.50

bankers mgmt is one of the most stupidest mgmt i have ever seen. these fools could have sold the company 5 - 6 months ago when the share price was decent. now look where it is and even at this price they still dont want to do anything. its just amazing how mgmt never works in the interests of the shareholders. the only benefit that they have for not selling the company is that they could just make their salary all year long and run the investors dry. even today this company will still go for 5-6. six months ago it was probably 7-8. just unbelievable. i sold yesterday and i am not buying back. to hell with this mgmt and to hell with abby. i am so glad that he is down more than 200000 on his buy of 100k at 4.50.

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