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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 UofTraderon Dec 03, 2015 7:55pm
145 Views
Post# 24352649

RE:Very troubling...

RE:Very troubling...If you pay attention to the language of albanian articles it is kind of similar to the language used by north koreans in documentaries about north korea. There's a sect of the country that is holding onto socialist soviet mentality still. If you look at the title $1 billion in Cayman islands it sounds like someone in Albania heard about Bud Fox and Gordon Gekko. The article also said these assets belong to the people of Albania (oilfield) kind of should speak to the people that wrote the article.
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