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.

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Big Banc Split Corp

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Comment by lefmike1on Sep 08, 2012 3:23pm

188 Views

Post# 20338048

RE: RE: RE: Bid are open..

" If Bankers doesn't receive the winning bid I can definitely see them being approached to be a partner."

I disagree on both , Bankers will not have the winning bid it's not an IF its a certainty, as far as being taken on as a partner, why? The group of companies that have the highest bid so far appear to be a melting of money and experience, why would they try to have another company as a partner to what effect?

I can see the highest bidder simply taking their monthly stippend from Bankers and going on their merry way, unless they have something in the back pocket like a licence to an unknown way to recover heavy oil not yet tried then yes I agree..

Firs twe need to find out who won, and if it's Vitro who are they really?

I've googled Vitro Energy to no success, I'm curious about their background as there are specific requirements of experience needed to be applied to the winning bid. Money is one obviously but experience in the field is another I can;t seem to find anything regarding their background the who is in partnership of this consortium... Anyone found anything?

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