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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 Sep 05, 2016 2:38am
172 Views
Post# 25207633

RE:RE:RE:$20 million USD in escrow acct in Canada

RE:RE:RE:$20 million USD in escrow acct in Canada
The thing is, as the experts righteously say, that the stock market is all about timing. On August 11 the stock traded between $1.96 and $1.70. In one day. That's the spread we are waiting for for several months already, just 25cents. In these terms even the Snake potentially could really earn some money on drops-and -ups and shorts. I don't think he did though. Too much talking. It's hard to time the market. But the thing is , no offense, "the company worth more "statement is only valid in the long run. On short periods it can cost $1.70 or $1.96 in one fr**cking day. It costs the price you can potentially pay this minute ,right now. At that moment that's exactly what it's worth.
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