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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.P.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 lefmikeon Jul 22, 2016 3:14pm
216 Views
Post# 25076999

RE:RE:This deals got collapse written all over it!!

RE:RE:This deals got collapse written all over it!!BC  Why the heavy aggression?    .
.
Personally I believe the deal was bad for shareholders from the beginning and I haven;t changed my tune.  We got ripped off.  I sold at 2.00 a long time ago, moved on  just came in here expecting BNK was near history.  Not the case.. now wondering if I may be able to buy back at a much lower value if it does indeed fail.  

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Then who knows,  
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BTW I'm very disapointed with French now,  I thought he was doing a very good job then all the tax issues then the sale come within 6 months...... Sounds like a major sellout..
..  AND WHY?
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Anyway I'm still interested in BNK  but that obviously depends on the proposed sale.  Something stinks here ...   That's my 2 cents worth...If you want to jump all over me  go ahead  I have think skin my friend..:-)
 
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