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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

Big Banc Split Corp
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Comment by shotskion Sep 23, 2009 4:15pm
348 Views
Post# 16332648

RE: RE: The warrants on this stock appear

RE: RE: The warrants on this stock appearThery are fair value at todays stock price.

BNK.WT strike price $2.49 on November 10 / 09 , so 4.21 - 2.49 = $1.72 would be fair market value maybe a little higher but not much time value left.

BNK.WT.A strike price $2.37 on March 1 / 2012, so 4.21 - 2.37 = $1.84 Plus time value

This site is a little behind but has alot of good info.
https://canadianwarrants.com/values/current.htm
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