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 > Disgusting

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Comment by baskcha1on Jun 19, 2016 3:53pm

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Post# 24978270

RE:RE:RE:Disgusting

It tests your patience but the same thing happened to talisman. About 7% was left on the table until approvals went through. This is a bit more because the buyer is from China. if the buyer was not cooperating with the reg approval, Bnk board had the right to end this by June 1. They did not. So all is on course and this deal will close in due time for the regs to get done. Stop going crazy.

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload