Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 > BNK Management Comments on the Deal!

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Comment by ChupacabraBuenoon Apr 04, 2016 11:57am

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Post# 24727934

RE:RE:BNK Management Comments on the Deal!

good40 wrote: Interesting that only a few insiders have purchased... with only one being a significant purchaser. I wonder why the others would pass up " free money " ? Think about it.

Insiders bought a few hundred K shares March 23 & 24 (on the public market at prices from $1.82 to $1.84). True enough, this is not huge buying for people with executive incomes. But they did no selling. And they were already holding millions of shares. Anyone know a convenient place to look up insider ownership? (I only know BNK insiders hold millions of shares because when I look up the insider buying it shows their account balance after the purchase) -Thanks & GLTA!

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