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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 Mar 23, 2013 8:52pm
150 Views
Post# 21159291

RE: RE: RE: RE: RE: RE: RE: RE: Broker G FYI

RE: RE: RE: RE: RE: RE: RE: RE: Broker G FYI

You're missing something lepton1,  Bankers is not located in Albania  they operate in Albania but they are a Canadian company operating in Albania  big difference from the examples you indicated since Nexen and Potash are not just Canadian companies but they also operate in Canada .  Every example you mentioned is a company's sale being dissalowed by the country where the company is headquartered not by the country where they happen  to operate.  SO if Bankers we're to be taken over by whomever, the ownership of the company has nothing to do with the Albanians  what would be important is that the company who was to take them over was to follow the old agreements to a "T".  That is all the Albanians would have to say about it.  At least that is my take on it  if I'm wrong please explain. 

Bullboard Posts