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 bmeister2on Jun 01, 2016 8:55pm

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Post# 24925265

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

No,no and no to your postulations. 2.20 is not a rich offer but some might consider it fair. I don't but voted for it because it is what it is. I think we just voted 97% to approve it so give the company time to get ducks in order as they already indicated late June-early July for closing. Why would some people sell today at 2.03 is beyond me and leave 18 cents on the table to boot!!! for me that amounts to over 4500 bucks and I already got kicked in the gonads enuf already, so no thanks. The faster this closes,the better for me now as I already know my top line here but I want to get my hands on my money so I can move to another position.

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