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

Big Banc Split Corp > TD Maintains Tender and $2.20 Target

<< Previous

Bullboard Posts

Next >>

Comment by bmeister2on Jul 08, 2016 7:36am

203 Views

Post# 25034372

RE:RE:TD Maintains Tender and $2.20 Target

I have been through a lot of ups and downs with this company and tend to think that we would be a lot closer to the TD number of $1.20 than the $2.20 offered by the Chinese company. So, I want this deal done as it is by far, the lesser of two low-ball scenarios.

<< Previous

Bullboard Posts

Next >>

FE Battery Metals begins 2024 winter drill program