Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 lefmike1on Jul 10, 2012 8:59pm

136 Views

Post# 20100194

RE: historical price targets

Okay I'm curious here... I read this

" Even TD suggests a significant upside surprise and a take-out candidate if the share price doesn't move higher"

1) Please show me anything remotely related to TD saying that BNK is a takeout target?

2) Please show me where TD says that there us a significant upside supervise coming?

I have written this a number of times, and will repeat myself.....

Management have said over and over that they would not consider selling this company when it was trading at over 9.00 so why in hell would they even consider looking at a price of 2 or 3 or 5 or 7 dollars? ? ? Don't even mention the hostile takeover word, , that is covered quite well with the poison pill.

BNK has been hit very hard for not performing, it''s nice you have enthusiasm honestly it is, but try to channel it in the right way.

I own this thing and I'm not very confident that I will get back to even and even to surpass it and at least double my money. But to make claims that BNK is a takeout is fallacy and really it's not remotely true.

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