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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

Big Banc Split Corp > What do I do now?
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Comment by QUANTUMJUMPon Sep 09, 2016 11:00am
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Post# 25221842

RE:What do I do now?

RE:What do I do now?Not advice to you as you need to be responsible for all actions you take in trading 

- with that said--

when the deal closes you would be paid the $22000 could take weeks 

if you sold today at $2.18 you simply have $200 less 

I would not hold for $200 

If I had $21800 on Monday and saw an opportunity I would want cash 

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