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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

Post by lefmikeon Jun 08, 2016 9:04am
347 Views
Post# 24945345

Oil over 52.00 If this deal goes through

Oil over 52.00 If this deal goes throughIt will be highway robbery in my opinion.  Oil at 60.00 BNK was trading at 3.00 to 3.50.  I sold at 2.00 I'm afraid,  I was tired of dead money, but whats the difference between losing 50% and 52% not much really.....Good luck you all who are still holding.

Just curious here,   is there a get lost date where the deal has to happen or penalties come into play?
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