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.

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Big Banc Split Corp > I am happy

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Post by kingyahooon Mar 21, 2016 1:50pm

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Post# 24684253

I am happy

I mentioned earlier I bought last Friday at $1.11 and sold at1.85. Then I believe I heard whichever pulled out of the deal, there was a penalty of 3 million bucks. Ig management is 100% behind the deal, I cannot see investors voting against the deal, etc.

Based on my assessment, I bought half of what I sold at $1,76 and I saw it is now $1.71. No problem made enough profit to buy lower and lower.

Will someone help me out!

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