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.

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Big Banc Split Corp > I expect financing deadline to be extended

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Comment by balandaon Jun 01, 2016 11:57am

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Post# 24923316

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

MiranII wrote:
1condor wrote: gibbons..holding the SP back? The SP is only 7 percent from the takeover price of 2.20. This is normal. I would be concerned if the stock today was lagging 15 to 20 percent. I expect we will see about 2.10 or 2.11 SP this week.

I just picked up another 25k between @ $2.05. Great arbitrage.
Just hope the Chinese aren't playing games!!!

they could but is a 20 mil $ game

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