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 Nov 19, 2012 7:52pm

136 Views

Post# 20619902

RE: More Albpetrol News.

Thanks BC,

I hate what I just read in that paragraph but it's a total possibility and maybe we might wonder if that has anything to do with the failing prices. If there is any truth to this, TACI and his bakcpocket President of Albania could make like very hard on Bankers. BUT one good thing is if Albania are serious about getting into the Euro group they have to seriously clean up their act.

If TACI is interested in acquiring BNK he would have to cough up a lot more than 600 mm for it, I would say closer to 1.5 - billion ...

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