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 > I wrote about my concerns regarding the Shorting

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Comment by braincloudon Apr 12, 2016 1:08pm

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Post# 24757199

RE:I wrote about my concerns regarding the Shorting

I don't think you are missing anything. If you short the stock here what's your downside? 0.35 right? If the deal falls through what's your upside? 0.35 or there abouts. It just comes down to how one hedges the downside? Buy another sm cap oil stock. Another strategy, just clip 0.02 cents. The bid and offer within .03 has 1 million on the bid and ask. . The stock trades like water so no issues with liquidity. The short position doesn't concern me at all it's roughly 3.7%. It's been way higher.

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