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 > Reality check

<< Previous

Bullboard Posts

Next >>

Comment by wallop13on Mar 27, 2016 11:51am

200 Views

Post# 24702947

RE:Reality check

werdnapk wrote:
To those saying they'll vote no because this stock will be worth more when oil rebounds, well, you need a reality check... oil is not going to rebound anytime soon. You might see $50-$60/barrel at some point, but more than that is highly doubtful. You're more likely to see the current $30-$40 range for a while. The world is swimming in oil that nobody wants.

A buyout for double the SP (pre-announcement) is a gift. If you're voting no, then you're purely in denial. This is an easy YES vote and this is free money right now if you're buying. I'm voting YES in spades. No voters are just asking to lose it all.