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 > What happens after a successful vote?

<< Previous

Bullboard Posts

Next >>

Comment by ChupacabraBuenoon May 05, 2016 9:48am

187 Views

Post# 24843843

RE:What happens after a successful vote?

dswong28 wrote: when is a good time to sell after? Should I wait until the very end to sell?

If you wait for the very end you won't have to sell - assuming the deal goes through - you will simply get $2.20 in your account for each share you hold. If you have high confidence in the deal it would only make sense to sell when the SP is very strong (if at all), or when you are expecting a pullback - of which there are bound to be one or two before the end of June (I'd say we're experiencing the end of a pullback right now) -GLTA!

<< Previous

Bullboard Posts

Next >>

Consumer advocacy law firm investigates Microsoft over X-Box data concerns