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 > This deal isn't going to happen!!

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Comment by werdnapkon May 16, 2016 9:22am

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Post# 24876210

RE:This deal isn't going to happen!!

Let me guess? You want to buy in lower, but you missed your chances in the $1.80's? Or you bought some and then sold it again hoping to buy back in? Either way, the SP is rising and the deal will be done in a few weeks. Now is your last chance to get in before it goes even higher.

Lots of naysayers this morning who really want this stock price to be .10-.20 less to load up again.

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