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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. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Bullboard Posts
Post by arisaig1on Sep 07, 2012 11:14am
446 Views
Post# 20331862

Albetrol Bids- $million Euros

Albetrol Bids- $million Euros

Vetro $850

Amber Shine $790

Bankers $304

Win Business $298

Gazprom $52

I suppose it's possible that Banker's recent slump was caused by speculation that they would submit an expensive and dilutive bid for Albetrol.  With today's clarity, and the very low likelihood that Bankers will be successful with their Albetrol bid, it's like a relief pop.

With seven of Albpetrol's eight oilfields being run by foreign companies under output-sharing agreements, and Bankers being the most significant, maybe speculation will increase that Vetro makes a move on Bankers. The eighth, at Amonica, is operated by Albpetrol.

 

 

Bullboard Posts