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

Big Banc Split Corp > Very Nervous Now!

<< Previous

Bullboard Posts

Next >>

Post by WestCoastEagleon Nov 22, 2015 10:30am

214 Views

Post# 24313602

Very Nervous Now!

Hey Guys,

Newbie here. I'm getting very nervous about this situation... I'm hoping someone with some experience could lend me some advice.

My average is 3.2 and I've been long for quite a while now. I have been fairly confident with this company's stock until now and had planned to buy more soon to bring my average down into the mid to low 2 range but now I'm terrified that I will have to sell it all for a huge loss. I can live with crude uncertainty but this is next level anxiety here.

I know that no one knows what's going to happen but I'm wondering if anyone else is planning a possible exit stategy if this keeps on dropping? Is anyone planning to sell if it keeps breaking down? I might sell half if it drops to a price, then sell the rest if it keeps dropping.

I don't know what to do and I'm hoping to get some advice from someone who has been through similar situations.

Thanks.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China