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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
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Post by dbeaudeon Nov 20, 2015 8:43pm
196 Views
Post# 24311414

Banana Republic

Banana RepublicSo Bankers is evading taxes? They have a solid and respected BOD and management team. However, evidently the company is indeed operating in a banana republic. Are the officials in the Albanian government on CRACK? Shoot the golden goose why don't you! The field was a disaster and now 20,000 BBLs per day production as associated royalties. Afraid to let the process play out. Strong-arming a company that is already struggling due to a devastated crude oil market. Hard to see this as opportunistic until this situation is resolved. This action is a strong indication that the government is radical in nature. Not good that the government would resort to this kind of intervention. Bankers needs to resolve this ASAP
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Dealroom for high-potential pre-IPO opportunities