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 > Seeking Alpha

<< Previous

Bullboard Posts

Next >>

Comment by flintabatteyon Feb 18, 2016 9:00pm

143 Views

Post# 24573310

RE:Seeking Alpha

I seem to recall posting something along these lines a few weeks back, why was it "poop" then but "plausible" now....... Anyway, in the unlikely (but not impossible-out-the-realm-of-all-hope) chance it did occur, the offer will not be scalable up from smaller deals, instead look to larger deals and work back, after a little dd IMHO the price would be $2.67. There, have at her.

<< Previous

Bullboard Posts

Next >>

The Market Online’s Weekly Gold Report – Nov. 27, 2024