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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

Comment by Toast2changeon Aug 05, 2016 4:44am
148 Views
Post# 25112955

RE:RE:RE:RE:RE:I'll just leave this here...

RE:RE:RE:RE:RE:I'll just leave this here...Exactly!

These board members are getting a match of 50%. Just like any matching program with any company its silly not to fully exercise the match simply because you are leaving money on the table.

Because of the match the share purchase price is reduced and they basically pay 67 cents on the dollar. Even if the sale fell through they would only lose money if the stock price dropped about .66 cents. 

If the sale is on track they get to make 10% return on the 50% return they immediately make by buying stock. it turns into a 165% return on investment if the sale goes through... 

NO BRAINER DUDES!
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