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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 oThedave2oo6on Mar 21, 2016 1:09pm
118 Views
Post# 24684001

RE:RE:GEO-JADE BUYS BANKERS BNK FOR $2.20 SHARE CASH

RE:RE:GEO-JADE BUYS BANKERS BNK FOR $2.20 SHARE CASH
GEO-JADE BUYS BANKERS BNK FOR $2.20 SHARE CASH
 
..GEO  JADE  &  BANKERS  BUYOUT  AT  $2.20 CASH  PER  SHARE!  TENDER  TD  SEC  SAYS 
 
GEO JADE  IS  A  MASSIVE  OIL  AND  GAS  PRODUCER SWALLOWS  BANKERS IN  CASH $2.20 
 
o Thedave2oo6 on Bankers Buyout BNK $2.20 Tender TD Says
 
o  Thedave2oo6 on Bankers Petro Buyout $2.20 per share
 
TD SEC. SAYS TENDER $2.20 takeover price Bankers Petroleum takeover price is @ $2.20 a share.
 
Therefore trading at 20% discount?
 
Bankers BNK.TO has resource projects in Albania.
 
Buyer is Geo-Jade Petroleum corporation...Market cap of $4.8 Billion USD. It is a Great oil and gas firm from China.
 
 Invested 525 million USD in Kazakh state owned oil firm - Maten Petroleum - and has a net profit margin now of 30%
 
They have producing and developing projects in Russia [pre caspian and caspian basins] and now probably Albania.
 
Management have also Adding to and Increased their shareholding.
 
Therefore..this deal will go through. Perhaps there is a discounted rate now..but it should  go over $2 soon.
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