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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

Comment by oThedave2oo6on Apr 04, 2016 12:05pm
160 Views
Post# 24727975

RE:o. thedave2006 Blog on 7 BNK Insiders Buying Large

RE:o. thedave2006 Blog on 7 BNK Insiders Buying Large
BANKERS PETRO  INSIDERS  BUYING  100,000  LOTS  GREAT  NEWS  AS  BNK  NOW  22% UPSIDE
TO $2.20  in  a  Month 
o. thedave2006 Blog on 7 BNK Insiders Buying Large
 
 
 
7 INSIDERS Buying Now, 2 OVER 100,000 Shares Each Great BNK
 
 
 
7 INSIDERS  BUYING  NOW, 2  INSIDERS  BUYING  OVER  100,000  SHARES  NOW. GREAT  BANKERS  PETROLEUM  $2.20 CASH  DEAL  ALL  INSIDERS  SUPPORTING  BUYOUT/TAKEOVER                            
 
o. thedave2006 Canacol energy &BNK Buyouts vs PRE Buyout .
 
 
 
BANKERS $2.2 BUYOUT SOON   ....CANACOL  ENERGY  NEXT   Summary of BNK responses to my requests:
 
 
 
“We anticipate the capital raise to take about a month although that is in their wheelhouse to disclose, so I am unsure when we'll be able to announce that formally.”
 
 
 
“I can tell you that we are confident that this deal will close, as you mentioned the purchasing of shares by insiders is a good demonstration of our confidence. We are confident in the purchasing company's serious interest in the asset itself, not just in Bankers as an investment vehicle. As well, we are confident in their ability to raise the associated capital based on our due diligence. The required government approvals on both sides are customary and we don't expect any aspect of the deal to be challenged by the government bodies.”
 
 
 
“all members of Bankers Management team have signed support letters for the proposed transaction and the Board of Directors are also in unanimous favour of the offer.”
 
 
 
o.  thedave2006  blog on  stockhouse.....
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