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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 lefmikeon Jan 23, 2016 12:51pm
217 Views
Post# 24487111

What I Ihate about coming on bull boards now

What I Ihate about coming on bull boards noware the so-called stock-guru's Johnny come lately fools who clog things up. I hate that, we have excellent posters, not going to name anyone in case I left someone out who is a good poster and feels offended.. YOU KNOW WHO YOU ARE. Most longs ( me included) were basiscally caught with our pants down or acted like a deer caught in headlights, we didn't push when we should have then kept thinking from even 3's that it's going to turn around and followed it all the way down. I've lowered my average price significantly I don't feel it's a gamble anymore it's more a wait and see. It's going to take a sheit long time for BNK to even get back to the 2's I now believe, it's not going to be a magic NR stating it has won it's case with the Bulgarians . What I now believe is the stock was forced from the low 2's to where it is by short sellers and they are now covering I'm sure. The price I doubt will be hot by any squeeze as those that have shorted have slowly covered over the past few months. If I sound like a Short Seller HATER... I AM ! ! ! It's no longer investing in a company that is doing the right thing or has a good business plan, it's GAMBLING I hate the markets now..... Anyway stuck in it, have not as much as others but again I have a sizeable position ( for me that is) and I'm not in the rush I was earlier, that only adds to the stress. Good Luck guys, When I find something that is relevant to BNK and hasn't already been posted here I will. BC, Heir HIM, and other real longs, good work.
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