Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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

Big Banc Split Corp

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Comment by lefmike1on Oct 26, 2012 2:25pm

121 Views

Post# 20528281

RE: RE: RE: RE: RE: RE: RE: RE: 3rd quarter Financ

Yes but they still need that 25 million, nothing to sneeze at or to write off....Where will ARMO get their crude to refine? Guess they have a bad credit report now too

Speaking of that, how was Taci able to get control of Albpetrol with money from the US adn he still owns ARMO who in turn owes BNK 25 million ? ? ?

If ARMO can't pay BNK what is owed, how can they expect to be able to build more refining capacity?

Anyway the share price is falling to wher eit was before the last production report which was very positive, so unless the whole market turns itself around we can expect this, but eventually there will be a major push for BNK shares.

Long way off? who knows eh?

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