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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 Allisonbikeon Jan 19, 2016 7:01pm
103 Views
Post# 24474412

RE:RE:RE:RE:RE:Crazy Value Here Now

RE:RE:RE:RE:RE:Crazy Value Here NowIt happens all the time, Niko in India, Brazil changed the rules, Russia, Chile, Argentina, Indonesia, the list goes on and on. When you get into a dispute with a sovereign nation who is desperate for money, they find a way to extract funds. I know Bankers has a stabilization clause that protects them, but fighting with a government almost always ends badly. And you end up giving them something. I absolutely could be incorrect, but you rarely see a company "win" when fighting a government. They can delay permits, budgets, audit the company at all levels and fine Bankers. My hope is the Banker's management team has been doing this for a decade and knows how to navigate these waters, but it is rarely without cost.
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