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 > What do I do now?

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Post by davyboy2 on Sep 09, 2016 10:54am

What do I do now?

I am a complete layman but follow everyones comments everyday. This is a new situation for me. Are my misely 10K of shares automatically transferred to the new company, or is it better to sell or what? What happens to the Bankers shares? Excuse me for my lack of experience.

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Comment by QUANTUMJUMP on Sep 09, 2016 11:00am

Not advice to you as you need to be responsible for all actions you take in trading - with that said-- when the deal closes you would be paid the $22000 could take weeks if you sold today at $2.18 you simply have $200 less I would not hold for $200 If I had $21800 on Monday and saw an opportunity I would want cash

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