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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 11:58am
132 Views
Post# 24357566

RE:RE:RE:the future for bankers hinges on the results of the audit

RE:RE:RE:the future for bankers hinges on the results of the auditNow from the facts above where can one see any hope that the albs will respect any future decision of ICC following the audit? 
That's one question that remains to be answerd for sure. But, if you look at it from their perspective this claim was made some time ago. They obviously argued back and forth over the course of a year and arrived at the thrid party audit that they both agreed upon. They DID comply with the ICC order, just not right away and with a compromise. BNK advance funds against future royalies? Thay haven't admitted any guilt. This should clear the way to any future disputes. There wasn't any threat to nationalization. Not ever. If you have something that says this I'd like to see it.
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