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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

Post by downwithdotcom1on Mar 21, 2016 8:53pm
279 Views
Post# 24686064

it's a $2.20 a share all cash offer and I'm voting NO!!!

it's a $2.20 a share all cash offer and I'm voting NO!!!its one the largest on-shore oil fields in EUROPE with many, many years of known production, never mind the possibility of further reserve multiplications when natural gas is finally made available for SAGD down the road. yeah, $2.20 doubles the value BUT FROM WHAT?? we are only in this super low share price quagmire due to a tax scrap and now threats of re-negotiating a legally binding PSA OVER AND ABOVE THE COLLASPE IN OIL PRICES . so again, why SELL NOW??? BNK has entered into binding 3rd party arbitration and has the right to ENFORCE the terms of the PSA and selling now gives at least the appearance of being strong-armed into selling. something stinks indeed..Value?? how do you get a fair on BNK with so many variables in the air?? that blonde air-head on BNN starts off by "congrats" exactly for what?? why not stick with the initial partnership with this GEO what-ever, see this tax issue thru and meanwhile we get some clarity from OPEC and we see $4 easy. voting NO!! dwdc
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