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

Bullboard Posts

Comment by tinman8on Mar 22, 2011 3:25pm

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Post# 18323401

RE: RE: Is a PP coming soon ? -

I agree any buyer is basically buying the reserves - my point about increasing production to attract a buyout is that to get the kind of buyout thats attractive they need to get the SP up (north of $10 I would say) - and to get the SP up in that area they need production to attract investors who are willing to pay $10+ for the stock.
I have no doubt it will get there at some point - but based on the report just released my time frame for a buyout has shifted from middle to late summer this year to atleast mid 2012 or later.

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