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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 knowsnothingon Dec 05, 2015 10:42am
112 Views
Post# 24357441

2011 vs 2012 vs 2013

2011 vs 2012 vs 2013   Can someone walks me through this please? What was different between 2011 and sunsequent years ? Meaning, do we still expect another audit for 2012/2013 and if such, would a repetition of what happened be applied again? It irritates me to think that if it has happened again then we are screwed. 
   Also, i believe the albanian government has no merit in disallowing the whole 2011 capex amount, they said it was inflated! If so, and they might have a case, then what is the actual inflated number! My opinion is that they will come into a conclusion of a number close to half of the $57 million and will be resolved in 3 months. 
   But what about 2012 and 2013, someone enlighten me please.
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