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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 purehellon Nov 21, 2015 9:33pm
212 Views
Post# 24313191

Might continue for a day and recover?

Might continue for a day and recover?I asked a buddy for his commen on this stock.  He is a pro trader but I'm not.

He says, purely on a technical analysis perspective, this might continue to go down before it goes up.

On the funramental basis, what is the real impact of Albania for this ompany and why was there a tax issue in the first place.

And yes, if you do business in Albania, you need to know the local culture.  People forget and think they can implement western thinking around the globe!  You need to respect the cultures.  

In Albania, you need to work "within the system" to be a success.  That means deals off the table.

If they can't play by those rules, they need to get out.  I would.

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