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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 braincloudon Apr 21, 2016 9:35pm
125 Views
Post# 24797111

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

RE:RE:RE:RE:RE:Could another party bid??I'm sure because I've done my HW. BNK is a heavy oil deposit and a complex one at that!!! This oil deposit only works If one has a long view and is taking lessons from the Marinza. If Shell was interested, given their proximity, I'm pretty sure they would have received a call. None of these long life complex plays gets a bid unless there's a long view. They aren't looking for a quick filp like most of the dung heap posting here. A Shell bid makes no sense from a synergy perspective. Everyone knows that nobody can make money at $40,50 or even $60 oil (conventional)! So eventually supply shuts down and the market gets under supplied and prices move higher. Shell isn't the player to step up to the plate! If you think there's another player then go 'all in'. I'm betting that nobody comes to dinner! This isn't my first rodeo!
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