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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 23, 2016 1:44am
205 Views
Post# 25269174

RE:RE:QJ - Check Inbox (T.EDT)

RE:RE:QJ - Check Inbox (T.EDT)
Was tempted to buy 10-20K more for a one week wait. But, after some consideration ..I probably will pass. The deal is done at 99.99% but still if it goes into October . May be will keep what I have but not adding anything. As I wrote before, in October the yuan becomes a reserve currency. That means the USD will most likely go down and the commodities up. BNK's upside is limited to 2-3 cents. I'll be waiting and expecting the transfer since I don't want the CRA to get a reason to interpret my gains as an income. Not saying I'm approaching the "dangerous" level of $400K p/a, but much more than I make at work with Snake at our coffee shop. Gold stocks will be doing much better, than oil ones. If this thing doesn't work by September 30 ( or 31, or 32) . BTW, the Romans had this thing the Snake has . Their months were divided into Kalendes, Ides and Nones. Depending on the moon cycle . Probably, the guy just is using a different system? Blast from the past thing. Anyway, if at September 29 it's not over I'll give up the fight for a little 800-1000 bonus .Screw it , gold will do the job in one day. Unless it's too late to get in on board .
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