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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

Post by mydogchachon Dec 04, 2015 4:53pm
228 Views
Post# 24356290

Just humour me

Just humour me
I'm not defending the Albanian government .... I'm sure that as some of our more intelligent and informed posters have stated - all Albanians are corrupt, illiterate, incompetent sheepherding mafia....in suits. But for arguments sake - let's suppose that there's maybe a bit of fact at least in the government's claim - and that the Bankers accountants, took SOME liberties with SOME of the expenses in determining the taxable net profit calculation. I mean after all, maybe the local accounting staff are Albanians - and we know what they're like. Anyway - surely it's fair to say that both sides in this have some legitimate claims - and that a settlement will be reached somewhere in the middle? Just my own opinion - but I'm optimistic that business will get back to normal, the sp will recover - and that all will have happened in the end is that the Albanian government gave me a gift when I purchased more shares at .98 cents.
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