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 > still from td...a superior offer is unlikely to happens.....

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Post by Bobby99on Apr 01, 2016 9:13am

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Post# 24719002

still from td...a superior offer is unlikely to happens.....

Based on our views of the offer price (as detailed below) and the ongoing issues the company is facing in Albania with regards to the ongoing tax dispute and possible changes to the terms of Petroleum Agreement, we believe that the possibility of a substantially superior offer above Geo-Jade’s price is not likely.

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