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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

Big Banc Split Corp > Not totally sure how much this will improve the SP
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Post by lefmikeon Dec 04, 2015 1:11pm
278 Views
Post# 24355202

Not totally sure how much this will improve the SP

Not totally sure how much this will improve the SPover the net few hours,  but I will hazard a guess that there are investors who are going to sheit their pants knowing they sold and should have simly hung in.  I only have 35K shars after being hammered on recent BNK losses,  now I just wish I had the funds to get at least 1/2 of those sold back .  This will not rise to where it started going down immediately, so maybe I can whittle up soem funds and they will be in my account Monday  LOL

GOOD  LUCK   TO    THE  REAL   LONGS   on  HERE..................
To those SICKOS who claim to be stock gurus, go puck with an EFF  yourselves you pigs....  

Is that politically correct enough?



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