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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

Big Banc Split Corp > This is an ALL CASH DEAL at C$2.20/share.
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Comment by braincloudon Mar 21, 2016 8:47pm
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Post# 24686044

RE:RE:RE:This is an ALL CASH DEAL at C$2.20/share.

RE:RE:RE:This is an ALL CASH DEAL at C$2.20/share.The whole raise is more like $1.2 billion. not sure if it's whole or in part. I'm sure they will attempt to do the best they can . no doubt in my mind. The trouble is the Geo isn't exactly a household name, there's still a few warts on BNK regarding tax and lest we forget its Albania not Disneyland. All I'm trying to do is justify or not the discount in the share price . I have to say it's real tempting here with 0.50 up or 0.50 down. Not a bad risk reward plus oil seems to be holding its own.
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Dealroom for high-potential pre-IPO opportunities