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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

Post by braincloudon Sep 05, 2016 3:55pm
185 Views
Post# 25208286

For the record

For the recordI probably own more BNK than most of you combined! I'm not encouraging shorting the stock . I don't give a flying sheit if you short or go long the stock . I'm only being practical . If oil has a big rally the most you will get on BNK is the buyout price. If you are happy with that then great. I still have a very large position that I will tender . That said , like I've already stated that I own a couple of other oil names ..... Just in case.  All you slugs out there only appeared on the screen after the name dropped . Unfortunate that I already owned it and will be down even after the tender. I'm OK with that because that's the way it goes . It could have been much worse if I'd have owned any number of other stocks in this space. So give me a break already! If you don't like what I post just put me on ignore
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