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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

Comment by braincloudon Nov 30, 2015 12:47pm
181 Views
Post# 24338836

RE:RE:RE:RE:RE:TD comment

RE:RE:RE:RE:RE:TD commentWell, in terms of timing , ya it sucks. I had assumed that the money was released, so now that it hasn't then I would have expected to hear that it was otherwise. The market is reacting the way I think it would. More question marks aren't good for any stock. Does Albania comply with the ICC injunction or not? If they do then do they comply with the findings of the audit? If you say no to both then we in a pile of sheit because its a very tough situation if you have o call in an international tribunal. If it gets to that this stock could be trading at "two bits". Will they? I think not, or better said, I hope not. If they don't release the funds then lay-offs will happen real soon. Bad headlines for the government. Revenue disappears , again bad. Bad for IMF loans, bad for NATO relations , fopr the scorecard on entry into the EU. etc etc. It just doesn't make sense that they go down that road. The question is will they and if not, when does this go away?
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