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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 rznimrodon Jun 18, 2012 1:53pm
515 Views
Post# 20026550

Albanian villagers blame Bankers for earthquakes

Albanian villagers blame Bankers for earthquakes

(Reuters) - Albanian villagers, blaming Canada's Bankers Petroleum for what they called underground explosions, protested for a second day on Monday after opening the valves on storage tanks and releasing 1,000 tonnes of the company's oil.

Police arrested two villagers for breaking into Bankers' tanks and causing damage estimated by the company at $1 million (795,400 euros). Around 100 police intervened to prevent the risk of the oil igniting.

Villagers in Zharres, near the southwestern town of Fier, said they thought underground explosive techniques used to extract crude had caused cracks in their houses and widespread alarm.

Bankers denied responsibility.

"We...declare that none of our hydrocarbon operations causes explosions or earth tremors," Bankers' Albania general manager Leonidha Cobo said.

Calgary-based Bankers is focused on developing the Patos-Marinza onshore oilfield in Albania and has a deal with state-owned Albpetrol to take over and re-activate 120-130 wells each year.

Albania's Geoscience Institute has reported a series of deep underground tremors over the last week, with the latest on Sunday at 3.4 on the Richter scale at a depth of 12 or 13 km.

The villagers said the tremors happened regularly, most, as did the latest on Sunday, at 4am.

Besjan Pesha, the executive director of Albania's National Resources Agency, sat down with Bankers and the villagers to negotiate a solution, promising a scientific investigation.

Bullboard Posts