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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

Bullboard Posts
Post by tinman8on Oct 06, 2010 9:00pm
751 Views
Post# 17538170

Albanian news -

Albanian news -From the Wall St Journal one hour ago.
'Albania's Deputy Prime Minister and Minister of economy telecommunication and energy Llir Meta expressed his strong dedication to support investors' (in the country BNK - not specifically mentioned).
I tried but failed to paste this but the drift was - 

Political climate for foreign investors - particularly in the energy field looks very secure.

So I dont see any problems on that front.

Toxic 'red sludge' in Hungary (not Turkey Hound - you were barking up the wrong tree there lol)  -  is not likely to impact Albania unless my geography serves me wrong the flow is toward Austria and Western Euroope.

And while BNK's failure to rise on the oil price is disappointing there can be many reasons going on behind the scenes.
Who knows - maybe a suitor with deep pockets and take over intentions - is holding the SP down.
GLA
Bullboard Posts