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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Post by lefmike1on Mar 21, 2013 3:25pm

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Post# 21263003

Broker G FYI

Where would you get the $ 4.50 price from, What do you know about BNK? Honestly?

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A $4.50 price would just cover 1P and a miniscule bit of 2P as far as your comments regarding the costs to extract and transport those are being delt with. Your comments regarding looking for a white knight? Where the phluck did you get that idea from? BNK is not in trouble in the least bit so a white knight is not wanted needed nor desired unless you;re female and are in the mood.

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As far as there being a $9.00 poison pill, I think you're mistaken there too, however, I'm not positive, but what a poison pill does is increase the number of shares so it becomes even more expensive for a hostile takeover to accur, as afar as a dollar value I haven;t ever heard of that, nothing can be set that way I don;t think but I can be wrong on that matter.

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