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 > LOL yes of course.. vote yes if they want their 20%

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Post by jubatus1 on Apr 20, 2016 10:18am

LOL yes of course.. vote yes if they want their 20%

Forgot that part... VOtE yes then tender shares when vote passes.. As it will big boys buying .. barclays morgan stanley Goldman etc... easy money.. Unless deal collapses.. which i doubt

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Comment by ChupacabraBueno on Apr 20, 2016 10:44am

Thanks for clarification. That makes sense now. I think this is the process: 1. Buy shares 2. Vote yes (assuming you bought before today as vote goes to sharehoders of record on April 19) 3. Tender your shares 4. Wait for cash to appear in place of shares 5. Repeat (with similar stock.) WRT step 5. What other buyouts were you involved with. Do you have a knack for finding them? Are ...more

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