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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 27, 2014 1:14pm
505 Views
Post# 22376822

RE:Target Raised

RE:Target Raised
I think the RBC analyst is correct in stating that Banker's is currently fairly valued[ production growth already priced into stock]. We may be already seeing this in the decrease in share price over the past few days.

As I have mentioned in the past and confirmed by the RBC analyst , the next catalyst will have to come from the water-polymer tests. Hopefully we will get positive results sometime in July.

On another note, this time last year we were speculating on a takeover price and I am sure BC, myself and others were willing to sell at $4.50-$5.00. Today we are looking at $7.00 to $8.00 as a reasonable buyout price. It seems to me that numerous firms missed the boat on this one. But what the heck is an extra $500 - $750 million for a major.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities