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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 Alba2014on Dec 05, 2015 9:06pm
156 Views
Post# 24358390

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

RE:RE:the future for bankers hinges on the results of the auditYes , Russians have tried to operate the wells and came with qualified petroleum eng , while Chinese imported production equipment but never try to operate on their own.
Since Bankers started to work there every thing changed for better, things that Albanian Government could not do for decades.Now they seems to be "jealous " for Bankers  success. 
What is going on now is that media and everyone for that matter compare apples with oranges when it comes to value expenses in their currency.
Albanian money ( lek) has no value and when they exchange dollars to money the amount become extravagant for their mind to comprehend ( for normal people , bc the politicians and government's  administrator might be the richer than Bankers Managment )
100.00 US $ = 12668.00 lek ( read 126680.00 lek) And mostly i think that they do not understand (or pretend no too )  the process of the reinvesting as per their contract with Bankers.
It was a time to pass the budget  in the parliament lately , and the arrogant government in power needed to come up with more revenues and Bankers was the right target.
They did the same thing with CEZ.
read here:
https://www.cez.cz/en/investors/inside-information/1523.html
https://www.cez.cz/en/cez-group/media/press-releases/4740.html.
 
Unfortunately it seems to become a practice of albanian institutions to attack the foreign investors. 
The situation sadly is very tense at this moment.I only wish that all this ugly reform against Bankers ends soon in Bankers favor.
 
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