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.

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Big Banc Split Corp > Deal must be going to fail

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Comment by ChupacabraBuenoon Apr 18, 2016 3:58pm

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Post# 24780703

RE:Deal must be going to fail

The 100 million(ish) shares that traded much lower in recent months could be reasons (for day after day declines) too. Why should someone who can lock in a 50% gain or better after a month or two wait a few more months to squeeze out the last 20% or so? The upside here is capped at around 20%. There are more profitable trades out there if you can find them - and people that bought BNK at the low just might know how. -GLTA

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