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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

Post by nick12on Nov 21, 2015 2:06pm
183 Views
Post# 24312520

Banana Republic

Banana RepublicAccording to the Regional Anti-Corruption Initiative, based in Germany, Albania is one of the most corrupt countries in Europe and the most corrupt in the Balkans.The Organization for Security and Cooperation in Europe (OSCE) has confirmed the authenticity of an internal report that Prime Minister Edi Rama stashed € 200 million in offshore bank accounts allegedly stemming from corrupt practices, including bribes taken in exchange for construction permits when he was mayor of Tirana in 2000 and 2001.It also contains press reports claiming that parliamentary spokesman from the ruling Socialist Party, Ilir Meta, so called The Red Mafia ,was linked to organized crime groups and had ordered two contract killings. After investing  over 1.7 billion dollars in Albania, now the authorities refuse to recognize as valid cost a considerable amount , and therefore require the company to pay tax on the profits of activity , according to the concession contract tax is 50 percent .
Sorry Bankers , but you have a big fight ahead.The crooks
don't need bribery anymore they need you out..
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