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 > LucasKnight

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Post by good40on Mar 22, 2016 10:39am

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Post# 24687573

LucasKnight

Note that disclosure reads the proposal is valued at $2.20/sh before the assumption of indebtedness.

What would be the difference if it read after the assumption of indebtedness ?

Who will be responsible for the $120 million debt ? Does BNK keep their cash ?

If you can't answer with certainty and provide reference, then you are only guessing... while
promoting your previously purchased shares. I highly doubt you are buying at these levels using so much effort to promote.

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