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

Big Banc Split Corp > There will be another offer on the table soon!!

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Comment by LordIskanderon Mar 24, 2016 12:53pm

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Post# 24697984

RE:RE:RE:RE:RE:There will be another offer on the table soon!!

Actually the 'outside date' is July 31, and could be extended for 60 days if the 'effective date' has not occurred (nobody knows what the 'effective date' is)

Also, a 'superior offer' has to be made without any 'due diligence' and 'access' conditions. Meaning: unless somone pounces blind there will be no 'white knight'.

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Cross border trading in Canada and Australia