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

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Post by StockInvestor16on Sep 06, 2016 7:38pm

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Post# 25212000

End of Day big buys(30% of total day)

.End of day brought on volume buys(30% of the total day) Nice push boys. Need more shares. Still <= 10% upside.

PS remember French, did some nice manovering, with the hedges. Maybe the plan was to keep bnk alive for the shareholders with the oil downside with the sale and now the extra 20 million in escrow.

Snake Short Sell at 1.88 and now buys back at 2.01 = .13 cents on 10000 shares = - $1300. I am sure you bought 10K to get rid of the shorts. Hope you bought another 10K shares at 2.02 = 10000 * .18 = 1800. A profit of 500$ when the takeover occurs

GLTA

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