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

Bullboard Posts

Comment by PineCrofton Jan 14, 2011 8:13am

345 Views

Post# 17971017

RE: RE: RE: RE: RE: RE: BNK: company is being sold

Lefmike - before you take a crack at the houndman you might want to go back and read the email exchange again...

Tinman suggested that if we got some spicy news releases we might see a SP of 11, which could translate to a $15 takeover price. Hound responded that he would be happy with a takeover price of anything north of $16.

They didn't suggest a SP of $16. The whole point of the discussion was that the SP seems to be held back, which would not result in a very good takeover price. Instead we would all like to see this puppy be allowed to run a bit before a takeover.

One thing I've learned over a couple of years on this board is that when Hound and/or Tinman offer observations on BNK or BKX that it is very worthwhile to pay attention.

GLTA

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