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 > CEO French Worked Year on Great Deal Bankers $2.20 Buyout

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Post by oThedave2oo6on Mar 27, 2016 11:46am

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Post# 24702941

CEO French Worked Year on Great Deal Bankers $2.20 Buyout

BANKERS PETROLEUM CEO DID GREAT JOB GETTING $2.20 / SHARE
BNK was at .60s now $2.20 cash yes Cash buyout Nice$$$$$$$$$$$$$

French stated that talks had been going on for well over a year. This stock plunge because $27 Oil. Fact is BNK has no control over the price of oil and CEO French Did a Great Buyout Deal

Clearly CEO French actually cares for shareholders and got a Huge $2.20 cash price from .60s cents months ago. Bankers has Rebounded nicely.

Fact they had been talking for over a year, the Chinese pounced when they could buy this Great company with Management support. This offer is Great for those who bought recently and can make a quick easy profit for shareholders

.....

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