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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

Big Banc Split Corp > bought twice today at 1.84 and 1.85
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Comment by balandaon Apr 13, 2016 10:53pm
259 Views
Post# 24764821

RE:RE:RE:bought twice today at 1.84 and 1.85

RE:RE:RE:bought twice today at 1.84 and 1.85
uograd wrote:
Actually that is the relationship and it is huge.  Once the Long Run deal is confirmed, the market will have signifcantly more confidence this deal will close which is why the stock will run up to 2.00 and cut the arb to a more reasonable 10%.


different cases LRE had secured a $100 million private placement with Hong Kong-based Maple Marathon Investments Ltd., which has now been terminated but for BNK theres a non-completion fee of US$20 million if the deal is terminated in certain circumstances. big difference but yes if LRE is closed and confirmed people will be more confident that BNK deal will be close..
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