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 > Hungarian blocks

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Comment by LordIskanderon Nov 25, 2015 11:06am

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Post# 24323911

RE:RE:RE:Hungarian blocks

The country risk is as bad as it looks. As an Albanian i have been cringing listening to buy side analysts assign to Albania a country risk score that I thought was overdone. Now I am not so sure anymore.

The country literally shot itself in the foot with this one. Not that it has not done it before. Look at how they yanked the licence to the power distributor CEZ. It cost them 400 million EUR (as per the State Auditor) and they still didn't bat an eye. Not to mention that I don't think they ever win in arbitration.

The amount of penalties Albania has paid over lost arbitrations is staggering.

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