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

Post by tinman8on Mar 03, 2012 8:07am

603 Views

Post# 19621772

For the Newbies - no buyout !

IMO - Abby will not consider a buyout under $10 ( I base this on following this stock for a number of years)

For those new on the board or those that have forgotten - quite some while back when BNK dropped below $7 - after many months in the $8 to $9+ range (investors were speculating on a buyout) BNK management announced catagorically that they were not interested in any buyout while the SP was at that level.

Unless a buyout - along the lines of Daylight energy - comes along offering double the recent SP, we can almost certainly forget any ideas of a buyout for months , if not a year or two.

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