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 > Done deal approved

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Comment by balandaon May 17, 2016 4:00pm

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Post# 24882453

RE:RE:Done deal approved

uograd wrote: It is not based on the number of shares voted, it is based on the postive or negative votes of the shares recieved.

If your friend is in charge and he does not know that, that would be quite surprising.

Perhaps you are exaggerating your connections just a wee bit.

No exaggeration he is just counting,by today 68.7% from voters was FOR .. this is the number that he provide ..he told me that they need 65% I assume is 65 for and 35 against .. the idea is that everybody is happy at BNK if the deal will be done is perfect (for management and for some of shareholders ) if not still OK 20 mil will come in there pocket for free.

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