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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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Comment by BrokerGon Jan 09, 2014 4:23pm
227 Views
Post# 22075584

RE:RE:RE:Stock price .....

RE:RE:RE:Stock price .....
I could understand a little profit taking but this drop took us below that mark.

Seems to me some institutional sold again. Getting to be a trend. Acuity sold out a few months ago and now this.

Well let;s see if trend continues.

By the way, in the last update BNK mentioned that the 6th rig would be up and running in the first quarter of 2014. In the September report, they said year end 2013, and in  November they said January 2014. Seems to be stalling for some reason. Any worries?
Bullboard Posts
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