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 > Every day is Garbage Day on this board

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Comment by ChupacabraBuenoon Mar 23, 2016 3:05pm

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Post# 24694175

RE:RE:RE:RE:RE:Every day is Garbage Day on this board

I think you're right. Tight trading range is indicative of shareholders - even ones already sitting on a large gain - and "suckers" alike are loath to forego a ~$0.39 gain (over 20%) in less than 3 months. -No translator required.

kingyahoo wrote:
Both parties, buyer and seller, have attorneys who hopefully are not feeding them garbage.

I am here to make money: take profit at every opportunity. Buying BNK last friday at $1.11, took profit and still holding, I am not complaining.

I want all the wise guys and dolls to answer this Question: Why has BNK had traded between a high of $1.85 and a low of $1.81 all day so far?

It is becuase no one wants to sell for less, even suckers. Why?

Cannot understand why people on this board have dobts. If I had, I will get out and shut up!