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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

Comment by braincloudon Sep 04, 2016 5:06pm
142 Views
Post# 25206986

RE:RE:RE:RE:Share volume

RE:RE:RE:RE:Share volumeWell on that we differ. I sold a bunch of my shares around $2 and not CNE and GTE so far I'm a bit better off. I'm a bull on oil but who the heck knows when or if it comes back. At the time the deal was struck it was a fair deal and although I was down about a buck it wasn't the fault of French it was the fault of weak oil prices . I at least understand that and am good with it . It's not a horse race. BNK did the right thing under the circumstances . What happens down the road is any bodies guess. BNK faired pretty well comparatively speaking. It always traded at a discount to peers for obvious reasons. It was a strong candidate for a takeout it just so happens it took place in a weak oil market .
I want to be taken out because I think the stock drops down to a level I'm not comfortable with. I'd rather place a different bet . What you do is up to you. I wouldn't bet on the deal falling through. So if you are happy with 10% then good for you .  
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