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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

Big Banc Split Corp > the idiots selling off @ 1.83 ?? lmao
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Comment by Coop007on Mar 22, 2016 2:14pm
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Post# 24688921

RE:RE:the idiots selling off @ 1.83 ?? lmao

RE:RE:the idiots selling off @ 1.83 ?? lmaoAs close to a one horse race as you can get,
1) oil goes down in the next 6 week's deal done $2.20
2) someone comes along & sees what a VERY GOOD DEAL this is & up's the price & a new price is set ( MY favorite )
3) oil goes up big time in the next 6 week's deal may not go though, but SP will be higher than the 1.10 that everyone last saw ( before buy out ) & we still own a very good OIL company
4) i see no down side other than i own some share's higher than 2.20 & a lot of people do, But that is why there is a market ( someone has to lose ) 
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