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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 09, 2016 3:30pm
121 Views
Post# 25223352

RE:RE:RE:Have a look at PNN. Richard Wadsworth a director !

RE:RE:RE:Have a look at PNN. Richard Wadsworth a director !
The stance "If you like to invest in Albania" is very funny. The fact that the BNK is being bought doesn't imply the Albania is a great place to park your money. I'm pretty sure the majority on this BB will think twice before investing a penny into that place. If someone, like Snake , operates with 10-20k shares and no free cash that all story would be a disaster. As it actually is for many guys who stuck around since $7 range. For many, today's resolution is not a party time. I still hold 500 shares bought at $3.25. Well, I'm not too serious about that. I mean, it only exists on my spreadsheet where I keep my records. Definitely, several dozens of K bought below $1 brought my average to reasonable levels. But that has nothing to do with Albania, it has to do with BNK being a great company with great management , just brought down on their knees BECAUSE of Albania tricks. Long story short, I'm fine with the event, it made up essential part of my 2016 plan, probably 50% , hopefully just 30%. Am I investing in Albania again? Thank you, but no, thank you.
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