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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

Post by himmleron Apr 12, 2016 8:52am
284 Views
Post# 24755554

Time to reflect..

Time to reflect..I've been quiet for a few weeks ,but feel compelled to step in with my say today...enough is enough.What is wrong with you people??? I can understand idiotic nonsense from punks who expect $2.20 today and $5.00 tomorrow ,simply because they're stupid and have never invested...but what about some of the rest of you??
If this deal goes through,everyone gets $2.20.and if it doesnt???  So what !!! It wasnt long ago that all the longs were lamenting that we were worth far more than $1-$3..So what the hell changed??
Spare me the nonsense about future oil price,as in the same time we  were all in agreement that oil will never stay at $30 ..and it hasnt...and we know it wont stay at $40 either.Spare me the garbage about the Albanions,because thats all old hat now ..just as the risk with dealing with them as always a concern...all old hat.
This company has proven itself many times over the years,so suddenly we as longs are concerned that things dont work out???WTF is that all about??
The facts are clear....if this deal works ..great..if it doesnt we are in the same position we were in a month ago...read your own posts from that time ..and ask yourselves...
what exactly is to fear in the future????
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