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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

Comment by casinoon Apr 06, 2016 10:14am
84 Views
Post# 24736047

RE:RE:BOD JOB PRESERVATION.....BNK worth a lot more

RE:RE:BOD JOB PRESERVATION.....BNK worth a lot moreThen you think oil stays where it is. If that was the case then why would anyone want BNK? Think about that. 

The offer is low simply because we are in a low price per enviroment. BC you have been preaching for months that once supply and demand balances out which we all know it will then oil will rebound. When? Who knows for sure but it will happen. These cycles are historically the same...price goes down and end of the world is here and before you know it we are all complaining about higher oil again.

Funny how talks have been going on for a year and the tax mess was supposed to be cleared up first quarter but then pushed to end of second quarter just before offer was announced. A favorable announcement would be good for BNK and would certainly have the shares probably where they were before announcement last November ($2 plus). THen would all you guys be screaming to take the lousy $2.20? I highly doubt it.

This has all been orchestrated for the low ball offer to look appealing, (which it does to anyone who bought in the $1.00 range) and BOD keep their cushy well paid jobs. 

We need 90 million shares to say NO and it could happen.

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