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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 HomerAndCompanyon Apr 18, 2016 9:59am
241 Views
Post# 24778487

RE:what happen with this stock ????

RE:what happen with this stock ????$2.20 in July (it is sometime in July that this deal is supposed to close I believe - anyone know for sure?) is not worth $2.20 right now. So there will be a time discount built in to the SP in addition to the obvious (but smallish IMO) risk that the deal is not completed. But your question is a good one. If you look at the chart I think you'll agree that higher highs and higher lows are being made as the SP meanders toward the $2.20 (or almost) that we should expect in July.
Janin242 wrote: the takeover is in finalizing traitment no? at 2,20$ shares... why the hell no body buy this stock, its a 0,40$ profit no ??? there something else ??? i dont understand ???


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