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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

Post by LordIskanderon Mar 21, 2016 8:31pm
192 Views
Post# 24685996

Ratio analysis

Ratio analysis
Common Stock 0
+ Transaction Financing 575.4
- Cash & Equivalents 71.9
+ Preferred Equity 0
+ Minority Interest 0
+ Total Debt 161.3
Transaction Value 664.9

Target Company Bankers Petroleum Ltd
Ann Date 03/20/16
Transaction Value 659.63
Equity Value 575.43
TV/EBITDA 4.32
TV/Rev 1.66
TV/Total Assets 0.4
EqV/Net Income deprec 3.81
EqV/CF OPS 3.1
EqV/Mkt Cap 2.29
TV/Book Val 0.7
TV/Enterprise Val 1.97
EqV/Stockholder Equity 0.61
TV/FTM EBITDA 61.11
TV/FTM Rev 11.38


Deal Probability ~60%
Target Current price 1.71
Tgt 20 MA 1.0865
Offer Price 2.2

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