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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

Comment by braincloudon Dec 10, 2015 6:28pm
231 Views
Post# 24375016

RE:buyout

RE:buyoutI don't know what you have been smoking but I want some. There's no way any company is even going to consider making a bid without the currnt issue put away. At best, there will be many eyes watching the outcome of the dispute. Oil price aside for the moment, not much has changed. That's the bet gentlemen. If you think there's a nationalization you should sell now while the gettin's good. If you think oil has much more to go down, sell. You think there's an equity raise, sell. There's no need to debate anything about these topics , it's either one way of the other, black or white.
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