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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 dbeaudeon Nov 24, 2015 8:35pm
254 Views
Post# 24322203

Greed and foolishness are closely related.....

Greed and foolishness are closely related.....Every cotton picking cent Bankers has earned (after the stiff royalties and excise tax) in Albania has gone directly back into ground to develop the play into a more valuable resource. Could the Albanian authorities be any more foolish or maybe greedy? Equity investors have funded the development of the field in the first place and loans that the equity holders are on the hook for. These birds would put bullet in the head of the golden goose and think supper is solved and miss out on the golden eggs of future revenues generated from the continuous re-investment. By the way.....I would like to personally express my extreme gratitude to "theDave" for his most insightful posts....a true bulletin board posting icon indeed!
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