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 > ridiculous but par for the course

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Comment by RockLobster1on Jul 31, 2016 1:12pm

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Post# 25099282

RE:RE:RE:RE:RE:ridiculous but par for the course

Can't see how this is bad news and we go to 180 s... It dropped due to the deadline about to be missed and Jade might pull out. Now that is settled... I think that's why we had a strong close Friday.

I think we stay over $2 next week... Safe approval can come any day or never but at least we know Jade wants this deal and ready to risk $20 m on it.

I get a big margin call every time the stupid thing closes under $2 so rather frustrating!

I think if there was a major govt reason not to apporove they would have told Jade and they'd have pulled out now. I guess that they only allow a certain amount of currency per month and we have to wait our turn.

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