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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 10:50pm
120 Views
Post# 24797320

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

RE:RE:RE:RE:RE:RE:Could another party bid??Clearly you are a long timer here and I value your knowledge and experience with this company although you can be a bit rough. For full disclosure, I am new to this company since I saw the takeover offer of $2.20 and the SP sitting at $1.75. So I have been buying pretty much weekly. Typically I am a long term holder but this seemed to be pretty straight forward. As a latecomer, I am happy with 20% over a 3 month hold. It seems to me like a pretty sure thing that the Chinese company is going to come through with the money in the end so I am willing to put quite a bit of cash for the short term. If it happens that someone else charges in, all the better. I am not betting on it. I am betting on 20% return in 2-3 months. If there is more, I will be happy. Regards,
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