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.

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Big Banc Split Corp > profit tax

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Comment by good40on Jan 21, 2016 12:57pm

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Post# 24480982

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:profit tax

No doubt you're weary, you're here every day. For a guy who doesn't care, you sure spend a lot time with it. For the most part, all I do is in response to what you write.

In no way do I consider BNK in the same plight as PMI. I just believe that there will be a better opportunity for investors in 2017... for all the reasons discussed here. If I'm wrong, then I'm wrong.
Nothing ventured, nothing won or lost. Timing is everything, your guess is different than mine.

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