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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 Dec 01, 2015 10:19am
129 Views
Post# 24342362

RE:RE:RE:The economics just will not work...

RE:RE:RE:The economics just will not work...I know. I'm with you. Having read a bunch of articles this morning using Google to translate. the article from Tirana Times seems to sum up things , without the loss of translation. Most of what I read recognizes the fact the BNK must recover expenses before a Profit Tax can be paid. So at least that! I'm not even thinking that this is any more than political posturing because , like I said , this turns into a massive sheit storm of epic proportions. This could very well just be an administrative snafu. Wishful thinking?
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