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 > Bloomberg Intelligence analyst

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Post by LordIskander on Apr 04, 2016 1:48pm

Bloomberg Intelligence analyst

attributes the discount price to the uncertain outcome of tax audit. Sent him an email reminding him that the Material Adverse Clause does not include the tax audit outcome.

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Comment by LucasKnight on Apr 04, 2016 1:56pm

Some group or someone just sold more 1,000,000 shares on the market. Do believe that the share price drop today is based on the drop in the price of crude...

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Comment by snake123 on Apr 04, 2016 1:59pm

This post has been removed in accordance with Community Policy

Comment by werdnapk on Apr 04, 2016 2:13pm

I would tend to agree that this is related to the drop in oil as well. Even with the takeover bid, it's still acting like a normal stock. Time to add to my position I guess.

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