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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
Comment by lefmike1on Nov 23, 2012 7:43am
132 Views
Post# 20634867

RE: RE: Neff Article

RE: RE: Neff Article

I re-read those articles and agree with DB   The rely from Bankers was firm and direct, they did not appear to be beating around the bush.  My feelings are that if Taci et all. wish to do business with Bankers and start producing their energy from local resources at their refinery, they need to cleam up their accounts.  The way there was mention in the VETRO NR of Albanian oil not having to leave the coutry for processing was a little misleading in that they didn't mention the fact the reason the oil was leaving in the first place, non-payment of accounts owed to Bankers.

If or when these accounts are brought to date, I'm sure Bankers would only be too happy to sell oil to Taci's refineries.  One area where there may be a problem is that I'm sure Taci's energy group will not want to pay 80 or 81% the rate Bankers will be getting from out of country refineries.

So in a nutshell,  Taci pays Bankers , Bankers starts shipping oil to them again...sounds like how business is supposed to run....

 

 

Bullboard Posts