Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 lefmike1on Jul 19, 2012 6:28am

198 Views

Post# 20129717

RE: RE: here are a few points to consider

LOL you jest,

The CEO indicated a number of times when the stock was trading at 8.00 that this is not anywhere near ready to be sold, so why woul dhe consider selling at 2.50? Dohhhh

If you think a hostile takeover is in the works, think again, there is a poison pill attached to this stock at least until 2015 I think. So your comments would be innacurate.

.

Bullboard Posts

The top 10 Canadian medical stocks