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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

Comment by bmeister2on Mar 21, 2016 4:50pm
338 Views
Post# 24685210

RE:RE:net 1.75$/share

RE:RE:net 1.75$/share
Can't be much clearer than what you have written,Cash, I can't believe some of the concerns people have asked. My only tick-off,bigtime, is the lowball offer and acceptance. I wonder if Abby would have succumbed so easily or it is ,as I suspect, bankers were getting so fed up dealing with those corrupt knuckle-heads in Albania, ( don't forget even the Russians left) that they figured it was just as well to get out of Dodge. I am a long, here ,and sort of feel a bit betrayed by our management team and BD as they made their moolah on their options but the sucker retail are always the last to the party for the leftovers. Leftmike said it best," It sucks" !!
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