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 Aug 23, 2012 11:33am

149 Views

Post# 20252035

RE: RE: RE: Management and INTHEDITCH

I'm almost there with ya...

What a slow week all around .... can't have a lot of movement one way or the other on such low volumes, everyone is waiting for September to hit. I've my fears, September has not been nice to me ever, But with so much in the crapper maybe it's already priced in... Most stocks are WAY off their Annual highs right now...

Brent up 1.00 + today and up over 20.00 since early June that's one big leap...

Personally I'm waiting fo rthe next Q to give some clear ideas as to how well things really are going. I'm sure once they get the steam assist worked out we should see an improvement in the actual BBLD numbers.

Jennings have not responded yet to the last Quarter.. now tht is strange , unless they are getting ready to drop BNK.

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