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 > 6 days to shareholder vote

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Post by uograd on May 25, 2016 9:44am

6 days to shareholder vote

Also we are at about 30 days into the Investment Canada review so would not suprise me if after they announce a 99% per cent positive vote from the shareholders they also tell us the Investment Canada review is approved.

This is not another Long Run. This deal is very smooth.

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Comment by braincloud on May 25, 2016 10:52am

Investment Canada won't have anything to say about this transaction. ZERO!! As for the vote. Institutions that are long BNK stock in an investment strategy, either in a MF, pool etc amounts to 66 million shares or 25.26%, then there are the hedge funds who were on the buy side whilst all this was going on ( who knows what they bought) ALL THAT IS GOING TO VOTE YES! Then there all the stock on ...more

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Comment by uograd on May 25, 2016 11:00am

Well I hate to break it to you but Investment Canada have to approve the transaction pure and simple so the sooner the better. As for the shareholder vote it will be between 95 and 99 per cent approved.

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