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 > CHuba

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Comment by ChupacabraBuenoon Apr 22, 2016 10:21am

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Post# 24798478

RE:CHuba

Brian, t's another up day for oil, despite oversupply. I'm not expecting $60 anytime soon, but I expect you're fight that there's money to be made. What are the names you like?

braincloud wrote: Right on, taking a loss isn't fun. I'd say the bet isn't over if you are talking about OIL. I'm down as well but am already starting positions in other names. This sucks for sure but if you weren't in BNK you probably were in another name that got beat up just the same or worse. IF oil does continue, which I suspect it will, then there's a ton of money to be made. Drive on and man up!

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