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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 BargainHunter88on Sep 05, 2016 11:59pm
394 Views
Post# 25208903

Geo-jade shares halt trading to facilitate acquisitions

Geo-jade shares halt trading to facilitate acquisitionsTrading of geo-jade shares is halted as the company is restructuring to facilitate the acquisition of bnk and another company through shanghailongzhouxinke. Looks like they are trying to close before sept30 as uncertainties involved in the renegotiation if the deal can't be closed in time will put a lot of pressure on sp of geojade. BNK acquisition is largely perceived as bargain buying by the Chinese investment community, and geo-jade can't afford to risk the deal falling through.
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