Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Big Banc Split Corp > SAFE Approval
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(0)
•••
Comment by lefmikeon Jul 26, 2016 12:40pm
136 Views
Post# 25085191

RE:RE:RE:RE:RE:RE:RE:RE:SAFE Approval

RE:RE:RE:RE:RE:RE:RE:RE:SAFE ApprovalToo much conjecture going on here,.
.
..
Based on the timeframe I has reservation if thi sdeal is going ahead as planned.
.
Did the Chinese find problems?  I'm curious, what ever happened to those tax issues?
.
Did I miss something?
.
 When BNK went from the low 3's to 90 cents it was as a result of the tax issues primarily and all along we were told by IR ( same ones that are speaking now) that it's fine  they will not have their accounts frozen ( yup they were)  that this would be settled in weeks,  still not from my information,  am I worng here?
.
I have no faith in IR , CB  they have been wrong many more times than right recently, almost as if they orchastrated the tax issues to force down the SP  so that the selling price was very low.
I'm also curious as to why there has been absolutely no information about other bidders...
If the sale was such a great deal earlier,  why no counter offers?

'
This whole thing really stinks to high heaven...  But don't listen to anything I have to say  I bailed on BNK a few weeks after the sale announcement, AND for the time being on the sidelines.

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities