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

Big Banc Split Corp

<< Previous

Bullboard Posts

Next >>

Post by kingyahooon Jul 02, 2016 11:18pm

535 Views

Post# 25017542

I wished I had so much time to waste!

I have held BNK on and off for years. On that Friday before closing, I bought at $1.11. On Monday morning before opening, the ask was around $1.85. I checked the news. Fair enough, there was an offer. I attended around that price. I have 2 options: sell around $2.10 or ride the wave until the deal is done. Reading a few posts, there are some people who have the luxury of coming out with theories. For me, trading is simple: sell and take profit, or take a hair cut and move on.

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?