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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 LucasKnighton Mar 25, 2016 1:10am
374 Views
Post# 24700201

FYI: INSIDERS BUYING after annoucement

FYI: INSIDERS BUYING after annoucement23 March

CFO, Douglas Charles - on market - 20,000 shares @ C$1.84

CEO, David French - on market - 20,000 shares @ C$1.83

Corporate Sec, Richard Walter - on market - 25,000 shares @ C$1.84

Corporate Sec, Richard Walter - on market - 55,000 shares @ $1.83

Corporate Sec, Richard Walter - on market - 26,900 shares @ C$1.83

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24 March 

COO/ Executive VP, Suneel Gupta - on market - 100,000 shares @ C$1.83

VP of Engineering, Londan Bayne - on market - 20,000 shares @$1.82

VP of Operations, Carl Gustafsson - on market - 25,000 shares @$1.82

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25 march ???



My comment: When are investors going to realise that this deal is done and the buyer will purchase @ C$2.20. Insiders do not keep purchasing @ market prices unless they know something...actions speak louder.

Perhaps another offer is on the board OR they are getting another 30% profit on current prices vs takeover. 

I foresee more purchases on market if the current price remains at these levels.

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