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.

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Big Banc Split Corp > Brent at $48.80

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Comment by braincloudon May 16, 2016 11:47am

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Post# 24877026

RE:RE:RE:RE:Brent at $48.80

I tendered with a yes vote. You can change your vote any time before the meeting. Look, I think the deal is fair in the context of the current market. Now if oil were to spike up another $7 I might change my mind. Frankly, I don't think that there a good chance the deal falls through. There are tons of hedge funds out there that are long the stock, there's no control positions so the deal goes through.

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