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 > Curious...$$$$$$

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Comment by wallop13on Jan 21, 2016 5:06pm

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Post# 24482081

RE:RE:RE:RE:Curious...$$$$$$

braincloud wrote: No, I have added to my position of late and have roughly $380M into this investment. Am I down? Duh!

No shame in being down in this market. I must admit I wish I was more defensive over the past 6 months myself. My brokerage account is no oil painting right now. But hey, "when you're up it's never high enough, and when you're down you think you'll never be up again". The pendulum will swing.

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