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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

Post by ChupacabraBuenoon Jul 26, 2016 1:54pm
151 Views
Post# 25085533

No conspiracy & little conjecture required - deal gets done

No conspiracy & little conjecture required - deal gets done Low oil & Albanians playing tax hardball made for a perfect storm. The Chinese with deeper pockets, better positioned to play hardball were the port to escape that storm. Like most things in life, the deal ends up taking more time. Nothing illogical about that scenario. Oil is down a bit now, but still well up from when the deal was made. So Geo-Jade should be at least as motivated to complete the deal as they were when it was announced. IMHO the deal gets done, just not as soon as we would have liked. That was always & still is the most likely way for this to play out. -GLTA!
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