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 Ahsanon Dec 09, 2011 10:56am

273 Views

Post# 19307121

RE: RE: RE: NEWSLEAK

lets think a little bit here. ok. only 2 possibilties. takeover or steam injection news. takeover isnt happening because the CEO said we are not interested when the sp was 4.50. i dont think he is changing his mind at 4.90. steam injection news isnt coming till feb. so cant be that either. what else can it be. a stupid rumor and thats all. if you are desperate to buy buy a few thousand shares. if its happens it happens otherwise 400 to 500 loss before the end of the day. u guys decide.

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