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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

Comment by stazon Jul 15, 2016 12:59am
177 Views
Post# 25054813

RE:RE:RE:RE:RE:Richard Wadworth former co-founder of Bankers now with PNN

RE:RE:RE:RE:RE:Richard Wadworth former co-founder of Bankers now with PNN
Sure thing, let's all buy in another company working in Albania. If you haven't lost enough on BNK due to Albanian gov. actions let's invest what's left in another very prospective play there. They are not under scrutiny by the greedy bureaucrats yet because they are nice guys. Or may be because it's nothing to take away since there's no production. Upside looks amazing, today only somebody made 50% on it . On a huge volume of +4M shares. The only thing is total dollar value of the trades is around $150,000 bc it's just $0.02 going to $0.03. Less than what 100,000 BNK shares trading volume costs. But there is another upside to it. For each share of BNK you can get around 70 shares of this treasure. If I decide to go for it I probably will have to file something with regulators. With 107M shares outstanding I'd own 0.5% of the company. Wow! Cool. I might get an offer to join the BOD. On the serious side, who knows, maybe it will provide a good return. Casino theoretically can, too.
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