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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

Post by bac123on Dec 05, 2015 10:48pm
241 Views
Post# 24358484

Shorts

ShortsI would encourage most long-term investors in this thought to call the course, average down, or tax law selll if you have the capital gain to offset. But don't panic and take the advice of a lot of negative posters in the last three days on here. There are many stocks in energy and health care that these mutants have tried to short sell into oblivion. Resist the fear to sell and reap the benefits when the stock rebounds next week. In the end the Albanian government would not have released the bank accounts if they wanted to ruin this company. Don't let that idiot short-sellers do it.
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