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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 BrokerGon Mar 25, 2013 11:14am
172 Views
Post# 21163184

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

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

Braincloud,

Please do not mention a $4.50 takeover price or will be attacked by emk1 and lefmike1.

See my previous posts.

By the way, you are absolutely correct in tempering our expectations. I am starting to come to the conclusion that a takeover will not be forthcoming soon since we can now produce free cash flow and a buyout at $4.50 to $5.00 does not legitimize our asset base.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities