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.

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Big Banc Split Corp

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Comment by mjl124on Mar 25, 2013 10:58am

142 Views

Post# 21163069

RE: RE: RE: RE: RE: debate on takeovers

I would agree to a point, there have been a lot of shares traded in the 2-3 range no doubt and a lto of those shares I'm sure are new shareholders, but when we compare the level of trading from the 6-9 dollar of previous times the volumes of shares traded don't match I don;t think.

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Over the past year and a half, I believe the volumes are well below those of the earlier times when the shares were much higher value, I would expect you might have 40-50% of retail and institutional with average prices lower than let's say 6.00 and the remainder higher, meaning if there was an offer for this company at 5.00 let's say I believe it would be a fight to get the sale through but that again is my simple minded belief.

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BTW my average is 3.04 so sure I would make a good profit, but I have also held this stock for over 3 years a dead money in the 8's

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Geologica Resource: Polymetallic upside at a depressed price