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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 > application to Investment Canada has been filed
View:
Post by uograd on Apr 20, 2016 7:09pm

application to Investment Canada has been filed

According to the info circ it was filed April 13 and the government has 45 days to make a decision.  They are hoping to close on June 30th.  I was hoping it would be sooner but the main thing is to get it closed.

The strong run of the Canadian dollar lately will be a benefit on this deal which  is always good.
Comment by TradingForMe on Apr 20, 2016 7:16pm
This post has been removed in accordance with Community Policy
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