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

Big Banc Split Corp > Shares

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Comment by ChupacabraBuenoon Apr 27, 2016 10:15am

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Post# 24814675

RE:RE:RE:Shares

Further to last. FYI: The current interest is BNK had little if anything to do with "what Albania has to offer" and everything to do with the Chinese (Geo-Jade Petroleum Corp.) buying BNK for $2.20 in a deal that is supposed to close before the end of June. So for $1.90 and change today you get (in all probability) $2.20 by the end of June (if the deal is not extended). You don't even have to pay a commission to sell - an extra $10 or so in your pocket. And many would argue that should the deal fall through BNK is worth that much or more given current oil prices, making BNK a very low risk investment.

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