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.

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Big Banc Split Corp > Based on share price only being 1.99 and the deal was to be

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Comment by NewfieGoldon Jun 20, 2016 2:57pm

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Post# 24980954

RE:RE:Based on share price only being 1.99 and the deal was to be

I was in on the PMI return of capital and it was the same story on their bull board. People posting saying the deal will not go through, bad management, wrong valuation. I treat this like every good news post. Show me the evidence. Show me the links. Show me the news stories. Otherwise its just a troll. Deal was done at PMI and that was much more risky with CEO/CFO leaving, a share consolidation and missing published deadlines. That deal got done in the end... Why not this one?

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