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 > New Targets 2

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Comment by investor19on Mar 22, 2016 7:36am

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Post# 24686758

RE:New Targets 2

I'm not suggesting the deal will not transpire because it most likely will but the analysts are never right. I mean never. What happens to them for giving us buying and selling recommendations when they are wrong? Absolutely nothing. They tell you there's always risk involved. They just like to hear themselves talk. Recommendation. Ha. Price target. Ha. It's an absolute joke that some people take these numbers they spew and invest their after tax earnings in companies that will never get to their target price. Wow great work guys you all have a target price of 2.20 great work. Did you come u with that yourself and what were your targets last week on Friday. Right. Exactly.

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