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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

Comment by himmleron Jan 16, 2016 11:52am
95 Views
Post# 24464913

RE:RE:RE:Seeking Alpha Article on Bankers

RE:RE:RE:Seeking Alpha Article on BankersMany posters quote seeking alpha,and I dont know why some consider them gurus...they're not.Many of the contributors are better researched however its still only their opinion.Our own poster from the past ,if I remember correctly, DB,I call him, wrote a great article about BNK for them a few years ago.
Truthfully we may all be gulity to a degree of siding with an article that we agree with,while shunning a negative one.However we can do this by having knowledge behind whatever the topic is.Its jackasses that post garbage ( like canadian 99) that just clutter the board..We can read the headlines ourselves so anyone that invests in oil is losing money,so posting that only serves the purpose of rubbing ones nose in it. On this board constructive critisism is always read and debated with enthusiasm.Nonsense is quickly put where it belongs...in the stinking ignore heap.
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