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

Bullboard Posts

Comment by lefmike1on Nov 03, 2012 2:49pm

125 Views

Post# 20558923

RE: Albpetrol

Whoa there pardner, LOL you are so excited.... Before this was to play out I'm sure Vetro would be able to siphon off a lot of these operations to get the funds they require.

Just using BNK's royalties would alone cover a lot of the eventual purchase price would it not? So what is stopping BNK to offer to partner with Vetro, like saying they will pay that 300 million they were bidding, they get a significant % of the royalties deducted if not all the royalties AND they get a good portion of the overall operations ????..

Just a thought ! ! !

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week