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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 05, 2015 11:21am
140 Views
Post# 24357505

RE:2011 vs 2012 vs 2013

RE:2011 vs 2012 vs 2013There is no difference. The audit by the third party is to clear the air for future arguements and challenges to CAPEX claims. Just have a look at all the bullsheit comments that came out while we were waiting for some news!!!
People shat themselves thinking the worst was going to happen.
Do yourselve a favour and go to the BNK web site and have a look at the CAPEX page and satisfy yourself that there's nothing unusual.
At best the ALBS can hope for is an adjustment downward of the COST RECOVERY POOL. That's it!!
To make the claim valid of $57 million PROFIT TAX , they'd have to deny the entire CAPEX and have made an extra $114 million dollars on top. It's just not logical they they hope for this. 
Look at it from their perspective. They got a compromise and BNK continues as normal. Now we wait for the audit. 
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