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 > Placed my bet

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Comment by GoLongForUrMomon Mar 24, 2016 11:01am

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Post# 24697333

RE:Placed my bet

This is an arbitrage opportunity and the market makers are just manipulating the price to take advantage of the foolish investors that don't think this is happening. Longs will prevail and I think its POSSIBLE(more unlikely) that another offer will come on the table in before end of April. Good luck to all longs taking advantage of this beautiful arbitrage opportunity.

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