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 > IM SHORT 10,000 SHARES

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Comment by StockInvestor16on Aug 31, 2016 7:43am

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Post# 25194318

RE:RE:RE:IM SHORT 10,000 SHARES

Hi Think about it Quinto5, announcement comes in, massive buys occur, including me, even if I make the spread between 1.92 to 2.18. Money in the bank. Shorts will never be able to recover and if they think the stock will stop going up, think again....it will close even higher than the so said deal

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