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 jutah70on May 27, 2015 11:02am

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Post# 23769281

RE:CPG's buy of Legacy

Encouraging to see. But will the focus of M&A activity stay closer to home (domestic producers). Looking at what Legacy at 22K production got - $1.55 billion. What does Bankers get for similar production? What does the 1P, 2P, 3P impact the valuation? What does Legacy's deal reflect in terms of what BNK potential share price offer could be? Guess one has to take a look at who wants to buy production (and who has the cash to go shopping). To my knowledge Shell is one of the supermajors in the region. Not sure who else is around there, or who wants to be there.

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