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 > How low will this dip till tendering?

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Comment by Bookendson Sep 11, 2016 3:43pm

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Post# 25226445

RE:RE:How low will this dip till tendering?

1condor wrote: Hoolio..it is possible that it hits 2.14-15..especially if the market sell off continues in a hard way..but outside of that I cant see the SP getting that low.

Actually, this one might benefit from a market sell off... I Mean, people will have cash and be looking for safe place to park their money.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?