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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 QUANTUMJUMPon Aug 14, 2016 8:05pm
298 Views
Post# 25140735

What would Geo-Jade be worth if deal fails

What would Geo-Jade be worth if deal fails
Well based on their conscious choice to change the break up fee of $20 million USD to include not getting safe approval resulting in BNK getting the $20 million Geo-Jade would be worth $20 million USD less

Riddle me this ......... They changed the terms

1- They dont plan on walking
2- They expect SAFE approval
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