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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 desl198on Nov 21, 2015 10:54pm
196 Views
Post# 24313292

auditing 2012 and 2013

auditing 2012 and 2013Does this mean they will ask for even more money?


https://www.albaniannews.com/index.php?idm=2796&mod=2

Oil Concessionaries, 500 Million USD Unjustified

The National Agency of Natural Resources claims that the concessionary companies exploiting the Albanian oil have reported unjustified expenses equal to 4% of the GDP only for 2011. “We have verified a figure mountin up to 500 million USD. This is related to the spending that companies have made irregularly and non transparently,” said the Chairman of the National Agency of Natural Resources, Dael Dervishi. The Director of the agency says they are auditing the balances of 2012 and 2013, which could show even bigger figures. But how will they act for these financial claims? “If parties don’t agree with each other, we will have an independent expert resolving our disagreements. If we will not agree, we will go to international arbitrage,” Dervishi declared. September 15, 2015


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