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 > THIS DEAL WILL CLOSE....

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Post by flintabatteyon Aug 11, 2016 9:08pm

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Post# 25133766

THIS DEAL WILL CLOSE....

....keep calm and buy on.... did anyone postulate that perhaps our Chinese purchaser and/or Chinese insiders and gov't agencies/employees may just be acquiring shares in the open market to load up on the profit to be made on closing. For example, every share that they buy at less than $2.20 saves them when they do close.

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Cross border trading in Canada and Australia