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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 waitingstillon Apr 21, 2016 8:57pm
112 Views
Post# 24796997

RE:RE:RE:RE:Could another party bid??

RE:RE:RE:RE:Could another party bid??I am not sure how you can be so sure. Perhaps Shell's metrics have changed now that the oil price has changed. Perhaps Shell was investigating when price of oil was $26-30 and there was not much sign of recovery and decided to limit any expenses to the max but now that oil looks to have some legs, maybe they have re-evaluated their metrics and have allocated more money for acquisitions. This would be prime time to acquire if oil really is going to be stable and rise from here. I would imagine that these companies are re-evaluating all the time.

Now, I am not saying this is going to happen or is even likely to happen. But there is another 5 weeks before we vote on the deal. Who knows who might be interested if oil keeps rising. Just saying it is a possiblity even if not likely.

I am long...until June! Lol
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