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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

Comment by thedave2006on May 07, 2016 8:48am
181 Views
Post# 24850419

RE:What happens after a successful vote?

RE:What happens after a successful vote?keep holding until your shares get exchanged for the offer price. other way to do it is to sell shares in open market and move on with the proceeds. ive already done that by leaving 2K on table for arbs to make and already making 3K with proceeds on other picks. so nothing missed but gained so far, except for time, if I had decided to wait for deal to go thru, thing is low chance for deal not to happen, but, one never knows for sure until deal is done, voted for. cheers, dave.
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