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 Sep 10, 2012 3:21pm

139 Views

Post# 20343595

RE: RE: RE: RE: RE: RE: Silkroad Equity bid reckle

DUbsbs Why would an insider buy stock at these prices when they have options at close to this or less and zero risk?

They will wait until the SP rises to at least double their option prices. Last option price I saw was around the 3 dollar mark and a few a lot less. If I was them I would wait, you're guaranteed a certain price for a period, so why take that chance when you know what you;re going to pay in the future.

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