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 > So all you idiots

<< Previous

Bullboard Posts

Next >>

Comment by braincloudon Apr 27, 2016 10:46pm

251 Views

Post# 24818401

RE:So all you idiots

Casino, I'm pretty sure that if you are the very last to tender they will make an exception for you to get YOUR shares. If you read in the very small fine print of the tender offer you will see for those that hold out until the eleventh hour, they will get $1 premium. THAT'S $3.20 PER share!!!!! Fk me man, I'm with you bro!!! You da man CASINO!!!!

<< Previous

Bullboard Posts

Next >>

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity