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 > Weak Level II

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Comment by braincloudon Jan 27, 2016 9:48am

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Post# 24497576

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Weak Level II

Exactly. I just can't understand why some of the goofballs I put on the ignore heap can't understand this very simple concept. BNK may in fact face a liquidity crunch IF this whole audit thing takes us right to year end. That isn't likely. I expect that we will see something towards the end of February, not sooner. BNK will be in a holding pattern until then. I expect it won't respond much to the oil price either. If however oil does have a rally AND we get a favorable audit ( I don't see why we wouldn't ) the stock could have quite a nice pop.

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Cross border trading in Canada and Australia