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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 > Congrats to all patient longs!
View:
Post by JLoonieK on Sep 09, 2016 1:10pm

Congrats to all patient longs!

Very glad I checked the Chinese regulatory filings this morning as I have been checking every once in a while.  Hope some others were able to add at the open as well.  I was already pretty full but there was an amazing arb opportunity due to time/language/regulatory differences. 

Anyways... congrats to all that stuck with it.  I am sure many of you will be joining me in having a cocktail (or two) this evening (maybe even earlier) in honor of the news.
Comment by Dannygo on Sep 09, 2016 1:32pm
Thank you Jlooniek! I wanted to add more this morning but I couldn't able to sell my other stocks that fast. It jumped to 2.16 within few minutes. If I have cash on hand, I'll probably able to pick up more at 2.05. BNK is 50% of my profolio. Average 1.92, sold before the halt at 2.18.  Cheers!!! Also I want to thanks Quantumjump, without his information, I probably held 25% (not 50%). ...more  
Comment by QUANTUMJUMP on Sep 09, 2016 1:47pm
Nice Danny! Glad to hear I had a part in you making a bigger  profit 
Comment by 1condor on Sep 09, 2016 6:21pm
I was playing the arbitrage on this play and bought every time it dipped down to 1.85 or lower. I managed to snag a lot of shares on peoples fear throughout this whole process. In other words...I made an absolute killing on this play. Hope others made out just a well! Enjoy.
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