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 > Brexit

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Post by MoatsInvestment on Jun 24, 2016 1:55am

Brexit

We (bnk longs) should be happy tomorrow when global markets will take a 5-7% hit, as we may end up being a safe harbour (since 2.2 is almost guaranteed). Investors are certainty better off with 4% in hands. Worst, the adverse effect on BNK won't be significant

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Comment by richc3 on Jun 24, 2016 2:16am

My first thought when I heard the news was... PHEW. I just recently jumped on board the BNK train and moved some money out of another stock to be here -- which I'm guessing will take a beating. I'm hoping the buyout will get wrapped up within the next 1-3 weeks and by then things will likely have settled down a bit, not to mention there could be a couple buying opportunities out there.

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Comment by MoatsInvestment on Jun 24, 2016 9:38pm

Within our peers, BNK is among the best performers... Closing at 2.10. Hopefully, we hit 2.15-2.17 by next Friday. By the way the deal may close during the first or second week of July.

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