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.

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Big Banc Split Corp > What if Bankers Actually Owes the Money?

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Comment by Bankorruptseeon Nov 22, 2015 12:35pm

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Post# 24313778

RE:What if Bankers Actually Owes the Money?

First of all, you didn't take the time to Zpell halph the stuff you wrote. Your posting seems to indicate you are interested in defending ALBANIA regardless of the facts.

The truth is, a 22% haircut is NOT the result of a lack of faith in Bankers.

What happened is A LACK OF FAITH IN ALBANIA!!!

If Bankers did owe the money, then Bankers probably would have lost a nickel or a dime. I'd have been ok with that.

What happend is, ALBANIA PLAYED FALSE TO AN AGREEMENT AND TOOK ILLEGAL ACTION AGAINST BANKERS.

Get THAT in your head.

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