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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
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Post by BrokerGon Jul 30, 2013 2:36pm
319 Views
Post# 21639475

Stock Price

Stock Price


As of last Thursday, our little gem was trading at $3.25 with an hour to go before the close. Someone sold over a million shares in the last hour and we finished at $3.08. We have been falling ever since.

Does anyone have any idea what is going on?

Brent has been relatively stable since last week, there have been no announcements, other oil firms that I own have been steady over this time frame and I have not seen any inside sales.
 

We are now down 10% from last Thursday.

What a depressing stock!!

Bullboard Posts
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