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 > Don't discount Shell offer, Bankers asset is top notch prize

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Post by sevushkaon Mar 21, 2016 5:59pm

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Post# 24685463

Don't discount Shell offer, Bankers asset is top notch prize

This is pure speculation, but based on their recent acquision, looks like Shell was planning to make similar offer for Bankers. I wouldn't be surprised if they got caught with their pants down and we will see $2.70 bid on the weekend. I put my money where my mouth is and averaged UP today. No profit taking, no thank you.

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