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 > 2.09

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Comment by HamSandwichon Jun 23, 2016 6:52pm

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Post# 24993005

RE:2.09

snake123 wrote: OH YEAH!! Idiots gettin in now. The smart money llike myself got in at $1.80-$2.00

it was dangling between $1.78 and $1.90 for a fair amount of time, the risk vs reward was great ... the arb was as big as LRE but the floor was way higher. Anyone who jumped on made a great trade.

Even if this deal collapses the floor is still ~ $1.25 ish

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