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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 cashtango00on Dec 02, 2015 6:02am
130 Views
Post# 24345661

RE:Nationalization of BNK assets on the way ?

RE:Nationalization of BNK assets on the way ?Nationalization is a way of life in third world.  Bring in western money and technology, steal the asset for peanuts once it is operating well , then mismanagement it back into the crapper.  Not saying that is happening here but they are certainly hinting it.  Russia, kazahstan, many African countries, Venezuela, Mongolia Argentina,  and many others all have a rich history of it.  
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