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 > What happens after a successful vote?

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Post by dswong28 on May 05, 2016 1:34am

What happens after a successful vote?

when is a good time to sell after? Should I wait until the very end to sell?

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Comment by ChupacabraBueno on May 05, 2016 9:48am

If you wait for the very end you won't have to sell - assuming the deal goes through - you will simply get $2.20 in your account for each share you hold. If you have high confidence in the deal it would only make sense to sell when the SP is very strong (if at all), or when you are expecting a pullback - of which there are bound to be one or two before the end of June (I'd say we're ...more

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Comment by thedave2006 on May 07, 2016 8:48am

keep holding until your shares get exchanged for the offer price. other way to do it is to sell shares in open market and move on with the proceeds. ive already done that by leaving 2K on table for arbs to make and already making 3K with proceeds on other picks. so nothing missed but gained so far, except for time, if I had decided to wait for deal to go thru, thing is low chance for deal not to ...more

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Comment by flintabattey on May 07, 2016 6:26pm

This post is so very telling about "the dave", AND SOOOOO FUNNY. If he left $2,000 on the table for arbs, that means at $0.40 assuming he sold some time ago, he held an astounding 5,000 shares!!!! AHAHAHAHAHAH, big spender and wheeler-dealer.

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