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 > Come n' Mann

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Post by robtcrton Sep 19, 2016 11:49am

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Post# 25251964

Come n' Mann

Come on guys - if you dont have the temperment for this game, then stop playing. If you like this or any deal you buy - if you don't then you sell - or if you don't have a postion you MOVE the "F" ON. A stock only goes up if there are more buyers than sellers and down if there are more sellers than buyers - it is as simple as that. Investors and mgmt can be selling for a variety of reasons but only buy for one reason and yes, in the vast majority of cases mgmt tries to do their best..

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