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 > DIRECTLY FROM INVESTOR RELATIONS

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Post by ImFineThankson Mar 21, 2016 4:25pm

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Post# 24685088

DIRECTLY FROM INVESTOR RELATIONS

To all of you running your yaps about the word "before" in the sentence:

"The Arrangement values Bankers at approximately C$575 million... before the assumption of the outstanding indebtedness of Bankers.''

This is directly from Bankers Petroleum Investor Relations:

"The $2.20 is the price per share, there will be no change to that debt is being handled separately, $2.20 is the crystalized value for shareholders which we feel is a great premium and value for our shareholders.

Thanks.
Laura Bechtel, Investor Relations & Corporate Communications Specialist"

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