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.

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Big Banc Split Corp > Any day ?

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Comment by braincloudon Aug 23, 2016 8:15am

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Post# 25166848

RE:RE:RE:RE:RE:RE:Any day ?

The company is on life support just like every oil company and is showing losses. That said the EOT is working very well and the balance sheet is still in good shape . You are wrong when you say the stock would be at .50 , more like $1.30-1.40 IMO based on historic Brent and BNK charts. There isn't any threat the the deal falls apart. Even if SAFE doesn't come through in the slated time there's always another extension possible which would be in shareholders interests . I suspect that they will both be accommodative.

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