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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 > INSIDER TRADES....
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Comment by himmleron Mar 27, 2016 1:36am
154 Views
Post# 24702644

RE:RE:RE:INSIDER TRADES....

RE:RE:RE:INSIDER TRADES....There may be no advantage to insiders buying stock now...at least not as far as I'm concerned.What I mean is that as an insider,they are privvy to insider trading rules.I am not an accountant nor a lawyer,but plenty of insiders have gotten into trouble breaking these rules.They have only bought a small amount really,10,000 here and there,and this was after the news,so I dont think its an issue IMHO.IF they know of an impending counter-offer they could be held accountable,but again ,thats only another angle I'm proposing.
Much talk on this board about a counter-offer,and I hope it comes true,but my gut says it wont.I agree we are worth far more,but its a tough market out there.Hindsite is easy and we all should have bought when it was sub $1.
BUT..now we stand to make a nice gain from $1.80 ish..all the way to $2.20..
Logic tells us to borrow $100,000 to buy at $1.80...we will not find a better way of making money.

So why arent we all doing just that??
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