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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

Post by casinoon Apr 27, 2016 4:46pm
248 Views
Post# 24817129

So all you idiots

So all you idiotsthat think $2.20 is a great deal just remember last November when oil was this price BNK was just over $2.20 before the Albs froze the bank accounts and the herd mentality of the stock market drove the price down to  60.

This is a steal and only i idiot would vote for a lousy $2.20 when has oil reboiunds (which all the so called experts say it will) BNK is worth so much more.

Do not let the Chinese steal this company, vote no and there will be a better offer down the road or just let management run the compnay as is and the SP will rise.

I personally think that the offer will be voted down anyway. 
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