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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 > Looks like the end is near.
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Comment by b2e2r2n2on Jul 11, 2016 12:40pm
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Post# 25041384

RE:Looks like the end is near.

RE:Looks like the end is near.Casino. Not a point you made that I disagree with. Also aligned with your suspicions on share price decline and the reasons thereof, as well as timing of the offer with management working on taking BNK private for over a year. The whole thing just reeks! With lots of skin in the game I wish I could say LONG here; but alas, it simply isn't to be.
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