Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.P.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

Big Banc Split Corp > WOW, now this really sucks,

<< Previous

Bullboard Posts

Next >>

Post by lefmikeon Mar 20, 2016 3:47pm

253 Views

Post# 24681217

WOW, now this really sucks,

Fine we've cut our losses by a buck wipeeeee. China and oil always spells ripoff.... Can only hope that the shorts, not a lot of them but they start a run that forces the price up and stays up over the offer price which could kill the deal or sweeten it or better a Shell like firm jumps in.
2.20 yeah lets all jump for joy :-(

<< Previous

Bullboard Posts

Next >>

Mullen Group: Navigates market challenges towards success