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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
Post by lefmikeon Oct 06, 2015 10:11am
116 Views
Post# 24166934

Looking over the past two weeks short report.

Looking over the past two weeks short report.Again, BNK is covering,  the company, for the 4th time in a row, has made the top 15 for short decrease,  only something like 9 million left to cover from close to 20million  at the most recent high....  Today is no different I believe, a lot more covering .. but eventually I believe this is going to take off once the majority are covered at these ridiculous low prices.  only 25K shares left for me,  Man down so much.. but I know there are many out a lot more than me ...Sorry for those too.  Let's hope 2016 turns things around and we can recover at least a good portion of our drops...

Bullboard Posts