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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

Big Banc Split Corp > Albania
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Comment by braincloudon Nov 20, 2015 12:07pm
203 Views
Post# 24309530

RE:RE:RE:RE:RE:RE:Albania

RE:RE:RE:RE:RE:RE:AlbaniaI don't think they "let it come to this". BNK has an explicit contract with the Albs . They get their royalty after expenses. The fact that BNK agreed to an ICC audit suggests that they have nothing to hide. It's like the minister is grasping at straws by freezing the cash. It doesn't make any sense given Albania's desire to enter into the union. This would certainly put Albania in a bad position if they are wrong in their claim. What happens if they aren't wrong I guess is why the stock is getting pounded.
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