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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 nexthinkon Dec 02, 2015 5:20am
186 Views
Post# 24345645

Nationalization of BNK assets on the way ?

Nationalization of BNK assets on the way ?In a statement the government said it reserved
"all of its options and is aware of its obligation to preserve the long-term integrity of its treasured national asset"

"
the natural resources of Albania are the patrimony of the people and should not be mismanaged or used as threats against the nation"

This look like some kind of the beginning of a nationalization. Pretty scary...
Should our asset be nationalized, can we can get back some money or shareholders are left with nothing ?
In argentina Kirchner nationalized a foreign private oil company 2 years ago. The gov bought the company at a massive discount. I hope the same will not happen to us.



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