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

Big Banc Split Corp > Conference call transcript

<< Previous

Bullboard Posts

Next >>

Comment by braincloudon Nov 24, 2015 1:15pm

194 Views

Post# 24320321

RE:RE:Conference call transcript

From Doug's perspective he HAD to address the company's ability to pay, IF it came to that. It won't because there's no way the Albania Tax department can deny the CAPEX in it entirety. They can certainly challenge elements for the expenses like they have historically but those challenges, even if they disagreed amounted to near nothing. They'd have to deny the entire $253 million in CAPEX for any element of a Profit Tax. There's no way that can happen.

<< Previous

Bullboard Posts

Next >>

What will the U.S. election results mean for Canada?