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.

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Big Banc Split Corp

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Post by LordIskanderon Jul 09, 2015 1:20pm

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Post# 23907882

Albania refiner to undergo bankruptcy

One of Banker's clients. Let's hope they don't owe much money

ARMO

Established in 1999 as a Government enterprise, Albanian Refining and Marketing of Oil Sh.A. (ARMO) was privatized in 2008. Headquartered in Tirana, Albania, our business is the importation and refining of crude oil and the wholesale distribution of petroleum products. With 1,500 employees throughout Albania, ARMO operates two refineries with a refining capacity of 1.5 million tons per year, three wholesale branches, a research facility, and an import/export terminal. The total storage capacity is 220,000 cubic meters.

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