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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 lefmike1on Aug 22, 2012 2:57pm
189 Views
Post# 20248205

RE: Management

RE: Management

How often are yu going to cry that same tune INthe ditch?

I was averaged at 8:40 originally and as BNK tanked I got angrier and angrier than thought, hey I really do believe in this company,  yeah they blew it on the estimates but heck they have almost quaterly, improved their production.  So what was I afraid of?  I an now averaged at 3.07  hold north of 30.000 shares and I'm at break even now, so when it hits 4.50 I'll sell half and use those on the dips and always keep 50% of my shares holding BNK.  Just because you have lost faith does not make this a bad company, it is simply you have no faith so why are you still here?  If you think it's so bad, you've already lost  why not just bail totally and be done with it.

As yuou said  you will never see the light of day on this one and I'm ready to take some off your hands at 2.60 possibly?  Let me knwo will you...

 

Bullboard Posts