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 > Is there a way to organize a "No" vote?

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Post by outdawazooon Apr 22, 2016 9:26am

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Post# 24798055

Is there a way to organize a "No" vote?

I am long 72,000 shares, and deep underwater. Although I was pleased to see the share price jump with the offer, it has been flat since then. And since the offer, many oil stocks are up 25%+. I suspect that without the offer, that the price would be near where it is now.

I dont' think the premium is that much anymore and if the deal fell through that the price wouldn't fall much. If the oil price does indeed get to $60 in the near term as many analysts predict, this has to be a $5.00 stock.

So I would be surprised if other companies are not interested in this asset.

I am thinking of voting "No" for the acquisition, but my share is a mere drop in the pond. Is anyone aware of dissenters that feel the same way?

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