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.

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Big Banc Split Corp

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Comment by tinman8on May 06, 2009 8:18am

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Post# 15970204

RE: Takeover talk- Funmeister

If a take over offer does come I believe it would need to be far higher than some of the suggestions I've seen on this board lately - to have any chance of success.
I can understand the enthusiasim of recent investors in BNK - but there are a huge number of longer term investors who would likely reject any offer in the range thats been suggested.
IMHO - this stock is at the very early stages of a potential long run up in value based on a highly successful management - who have executed to near perfection a long term plan and strategy that is on the threshold of reaping huge rewards as the economy and oil begin their climb back.
To take a quick profit now - and miss out on the REAL money - would be crazy

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