Bullboard - Stock Discussion Forum 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... see more

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TSX:BNK - Post Discussion

Big Banc Split Corp > Another day...more accumulation

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Post by LucasKnight on Mar 30, 2016 10:34am

Another day...more accumulation

Quite certain that insiders are purchasing at the current levels..will be interesting to see the disclosures at the end of the week.

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Comment by goldminertoo on Mar 30, 2016 10:49am

Wasnt it mentioned here that there was a window of opportunety to purchase shares and after that window expired rules prevented them from doing so.... and that period ended and the last reported insider shares purchased have been reported.

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Comment by LucasKnight on Mar 30, 2016 11:33am

I am quite certain that it would apply prior to the news of the offer. BUT, why would the management not buy their own shares on-the-market when the news is already out? If weak holders are willing to part with their shares prior to takeover...then there should be no rules in place. The announcement has already been made...

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Big Banc Split Corp