Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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

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Post by kingyahooon Apr 07, 2016 3:50pm

259 Views

Post# 24742177

Cut the ton ofr bull

ASK Volume: x11,827
BID Volume Xx3,338

Technically, this is an indication more people want to sell and fewer want to buy.

This is an old game. They want people to sell for less. Well, I had some loose change from profit taken from AVL since yesterday.

I will not sweat if BNK closes a few pennies less. By Friday, may be closer to 2 bucks!

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