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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 wallop13on Jan 07, 2016 12:36pm
261 Views
Post# 24437021

RE:RE:RE:RE:RE:who is the insider buying? Thanks!

RE:RE:RE:RE:RE:who is the insider buying? Thanks!
Allisonbike wrote: The insiders are typically blacked out prior to any announcement. I think the call will be fine operationally, the polymer flood appears to be working well. With Bankers it is all country risk, which is much harder to judge. That is why it would be nice to see insiders buying in large #'s after the call.


The political discount is way too high. Albania is sandwiched between Greece and Italy. They are also negotiating to join the EU. The country is stable, the only issue is the tax departments heavy handed tactics in BNK's case. It was more an issue of bad timing for an audit (with the price of oil) from my view.
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