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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 Shlinker_on Jan 23, 2016 2:11pm
163 Views
Post# 24487257

RE:What I Ihate about coming on bull boards now

RE:What I Ihate about coming on bull boards nowgood post lefmike, I couldn't agree more with what you said. It was real, thanks for that. Its tough being in the markets for the past year or so, for everyone. If someone makes money, they got lucky with a right pick or two - that's it. A lucky take-over perhaps. The unfortunate thing here with BNK, is now they've landed in some water over the price of oil, and the Albanian government. The 5 cents rise on Friday was no where near convincing of us hitting even 0.80 cents this next week. I think its going to get worse here before its gets good again. No good news on the horizon for BNK. And Im a holder from only 4 days ago. I regret it. I do feel for you longs....I lost out huge on Long Run Exploration. There's no coming back from that.
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