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.

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Big Banc Split Corp > Street thinking Chinese will fail to raise money

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Comment by ChupacabraBuenoon Mar 21, 2016 3:09pm

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Post# 24684676

RE:Street thinking Chinese will fail to raise money

MrBigger wrote: for this deal. Only explanation for huge discount to offer.

or....... maybe some of the 100 million shares that were bought at much lower prices over the last four months are being sold by investors that are happy with a 50-100% gain & willing to forego another 30% or so rather than wait?

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