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 > Should a guy buy BNK?

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Comment by TornadoTomon Apr 29, 2016 9:57pm

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Post# 24828052

RE:RE:RE:Should a guy buy BNK?

Thanks for the replies. So a little over 10 percent gain for BNK with a month's wait provided no glitches? The trick, I guess, is to watch some of other oil plays and buy on pullbacks. If a guy bought anything in January, he'd done really good. Peace.

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Southern Ontario mineral processing operation receives green fund support