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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

Big Banc Split Corp > net 1.75$/share
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Comment by wallop13on Mar 21, 2016 4:22pm
252 Views
Post# 24685073

RE:RE:net 1.75$/share

RE:RE:net 1.75$/share
monty15 wrote: That might be it....if the debt is 91.5m (.35 x 261,557,384os) Can't find it in the financials ? I'll look further !!!!


Absolutely not! The deal is $2.20 plus they assume the debt. You get $2.20 a share. Don't worry about debt.
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