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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 > I expect financing deadline to be extended
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Comment by gibbonsjon Jun 01, 2016 11:01am
274 Views
Post# 24923004

RE:RE:RE:RE:RE:RE:RE:I expect financing deadline to be extended

RE:RE:RE:RE:RE:RE:RE:I expect financing deadline to be extended2.20 is a very rich offer. The vote was a no brainer and already baked into sp. Hardly cause for celebration today. The issue of concern is financing.  Still not a word about it, if there were positive developments they would have been released. I think the financing is taking a wait and see what oil prices do along with what OPEC will do in terms of the risk of taking customers away.  The longer financing is put off the safer the investment will be in terms of knowing what the future looks like.
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Dealroom for high-potential pre-IPO opportunities