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

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Comment by LordIskanderon Jun 20, 2016 3:16pm

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Post# 24981055

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

There is no comparison to PMI here. Completely different beast being bought out by a Blue Chip company who could spare $45 million.

NewfieGold wrote: 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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