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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.


TSX:BNK - Post by User

Big Banc Split Corp
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Comment by newtonboyon May 16, 2013 11:00am
129 Views
Post# 21403055

RE: RE: RE: RE: Insiders...

RE: RE: RE: RE: Insiders...

I do not see an issue here.  Even if Abby sold at the May 13 low of $2.75 he still purchased  the 66K options at the discounted price of $2.37 along with the other 750K the other two insiders exercised. Indicates that they are anticipating the price to go north (again).  So he nets a cap gain of $836K in which he may re-invest in other ventures.  These people are connected and usually get on the ground floor of emerging ventures which requires cash.  My opinion only.

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Dealroom for high-potential pre-IPO opportunities