Bullboard - Stock Discussion Forum 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... see more

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TSX:BNK - Post Discussion

Big Banc Split Corp > Placed my bet

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Post by scarface9 on Mar 24, 2016 10:08am

Placed my bet

the spread between the takeout offer price and the current share price was just too tempting, I couldn't resist.
hope this works out

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Comment by GoLongForUrMom on Mar 24, 2016 11:01am

This is an arbitrage opportunity and the market makers are just manipulating the price to take advantage of the foolish investors that don't think this is happening. Longs will prevail and I think its POSSIBLE(more unlikely) that another offer will come on the table in before end of April. Good luck to all longs taking advantage of this beautiful arbitrage opportunity.

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Comment by f_the_bankers on Mar 24, 2016 11:40am

i think the deal closes. buying here should return a couple $1000.

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Comment by LucasKnight on Mar 24, 2016 12:07pm

Looks like it is forming a base @ C$1.82 per share. It bodes well for a move above C$2.00. Insiders buying at these levels does give comfort...hopefully we get some news in relation to the purchaser obtaining the funds for the buyout.

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Big Banc Split Corp