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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 braincloudon Mar 23, 2016 9:54am
127 Views
Post# 24692007

RE:RE:RE:RE:RE:RE:RE:RE:Lord Skander

RE:RE:RE:RE:RE:RE:RE:RE:Lord SkanderI didn't say it was impossible. I said that there's a better possibility for a unicorn showing up. If they had an interest then why didn't they exchange research and technical prior and why did Geo-Jade? Why didn't shell enter into some JV on part of their properties in the past? I don't pretend to know exact details of the types of deposits to compare, it's just the weighted evidence up to now doesn't support Shell making a move. Besides, it would be BNK's management's duty to have gone to them to see if there was an interest. Yes, they can chance their mind but in my mind the deal is fair from Geo. So unless there's a massive move in oil and a fundamental shift in the macro environment for oil Shell will pass. Expertise? Really? BNK has perfected the extraction and drilling the targets. I'd say the learning curve would be Shell's to ramp up not the other way around. I don't even know why all this mental masturbation for a counter bid anyways. Unless you are suggesting that the valuations are completely inaccurate why would anyone step up? What are you hoping for? $3.00? $2.50? Hey, if you feel that strongly step up to the plate!!! !!! Why not give Shell a call, maybe they missed the announcement!!!
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