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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

Comment by braincloudon Nov 23, 2015 6:40pm
171 Views
Post# 24317685

RE:Here we go,

RE:Here we go,Not sure what you mean. Shorting this stock on the basis that the Albanian tax department wins their case? I doubt it very much. It's a bad bet. Headline infuence perhaps. I mean look at this board, there's all manner of goofy conjecture. " what if they don't listen to the ICC?" What if they have to pay? what if they seize the assets of the company? Really?  I guess it could happen but is so very unlikely it's not worth considering, but yet people consider it possible so there remains the shadow of doubt. 
Oil on the other hand Is another matter. Can oil go lower? Higher? Yes for sure it can. I suppose one has to resign oneself with that this isn't going to turn around tomorrow and maybe that's why the stock may be vulnerable. I think it will pass 
it's just one of many things that will influence the stock. I still maintain that the ruling will go ultimately in BNK favor eventually. Then it will go back to the same stuff.
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