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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 casinoon Sep 04, 2016 3:46pm
125 Views
Post# 25206863

RE:RE:RE:Share volume

RE:RE:RE:Share volumeBC like I have always said you have been the hands down leader for info when it comes to BNK. No doubt. We differ in our ideas about management and overall market direction. One thing that we are equal is the fact we have been longtime investors in BNK. French selling out has made us both losers if what you have disclosed in previous post is true it makes you a way bigger loser than me considering you have a lot more skin in the BNK game.

We both had chances to exit this dog but we never did.

Why?.  

Because even when oil was tanking we both knew that oil would rebound and BNK was worth muck more that $2.20 and that is why we are both still here. I will always believe that Fench sold us out and you can keep thinking he has done a good job. Bottom line we both come out losers and I hate losing. 

Still hoping this deal falls through. 



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