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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 lefmike1on Sep 12, 2012 10:11am
184 Views
Post# 20351606

A translation from a related article

A translation from a related article

found in Metropol Albania .

 

Today they open, "Albpetrol" soon in the hands of private
Government dilemma. Be elected or geopolitics money

After much discussion and delay time, today will be officially submitted to the Ministry of Economy bids for the privatization of the state oil company "Albetrol". One of the controversial privatizations appears to have issued at the crossroads Albanian government to select the company that will have exclusive black gold resources for the next 25 years. As never before, the privatization of the company has attracted the attention of three of the world's energy superpowers, America, Russia and China, which will force the Ministry of Economy to be very careful in the selection of the winning company. Although the need for money at the moment is very high, given the spending cuts, it appears that the government will think twice after the game is our country's geopolitical position. Now the Russians and the Chinese have openly expressed interest in buying "Albpetrol" and turn signals are clear, but seems to keep American interest pending the government. Although not officially, the U.S. has chosen roundabout ways to send signals Albanian government to be careful in the selection of the company that will have the right to use the Albanian underworld. One fact that supports this interest is the visit of U.S. Assistant State for European and Eurasian Affairs Philip Reeker, which despite the political agenda linked to privatization. Currently, there are 19 international and domestic companies will begin competition on Friday to tender organized by the Ministry of Economy for the privatization of "Albpetrol". Sources from the Ministry of Economy said that the government expects to derive substantial income from the privatization of 100% of the shares of the company "Albpetrol" JSC, up to 350 million euro and the race is expected to be strong. Increasing interest from private companies forced the ministry to extend the collection of bids from 26 July on 7 September. After submission of bids for the purchase of shares, the committee set up by the Ministry of Economy will assess the best bidder and this year is expected to be announced the winner. Of interest will be the Russians offers Gazprom, Chinese GPRO GROUP, Canadian Bankers Petroleum, as and Silk Road EQUITY Americans and THOMPSON GLOBAL LP. Part of the evaluation committee, but without the right to vote, there will be representatives from U.S. firms for privatization consultant "Pattern Boggs." Stock package "Albpetrol" includes all of the company's assets, licenses and permits for use and looking up at a 25-year period, as well as the right to purchase the name to compete in the market.

Interest

Growing interest comes because companies, part of the package has become a power generation license and transport and utilization of natural gas. On the other hand some oil companies have increased in the stock values ??due to their interest to purchase "Albpetrol". One of the largest NASDAQ stock traders reported improved trading stock APIC Petroleum Corporation, because she has shown interest to buy all shares of oil extraction line in Albania. Also, the Russian newspaper "Moscow Time", in a great article writes "Gazprom go to Albania". Russian company has officially announced its interest in buying "Albpetrol". Russian insistence to enter the Albanian market has found space in many media in the region.

 

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