Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 > Price pretty firm, second bid .... maybe

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Comment by bmeister2on May 30, 2016 4:33pm

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Post# 24917063

RE:RE:RE:RE:RE:Price pretty firm, second bid .... maybe

Agree BC, just ask all the guys who refused the PRE deal ( pacific Rubiales) were offered 6.50 ayear or so ago and now it is under creditorship. As I have said many times, I woulda,coulda,shoulda many times over with Bankers but my greed interfered so now I just want to move on. No more offers,folks. The goose is cooked.

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