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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

TSX:BNK - Post Discussion

Big Banc Split Corp > Been through 3 take overs already. very simple rule
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Post by jubatus1 on Apr 20, 2016 6:30am

Been through 3 take overs already. very simple rule

For newbies.. call your broker and see when you can tender your shares. Their will be something called the cut off date. From that point on you will be able to tender your shares. Easy 20% for your wallets :-)
Comment by ChupacabraBueno on Apr 20, 2016 10:01am
jubatus, I think the newbies would first need to cast their vote in favour before there will be a possiblity to tender (I think the vote is May 31?). Or perhaps tendering your shares is equivalent to a yes vote?
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