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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 trader99999on Dec 02, 2015 9:33am
140 Views
Post# 24346075

RE:RE:RE:Albania orders Bankers...?

RE:RE:RE:Albania orders Bankers...?I think that cooler heads will prevail.  Right now, there is some posturing and saving face going on.  Eldorado Gold recently went through something similar in Greece.

I don't think that the government can stop them from slowing down or shutting down operations and I doubt the Albanians have the expertise to keep it going if they "nationalized it".  The workers will be quite upset if there is no work.  The government will lose tax revenue.  They will hurt their chances of joining the EU and ever having a foreign company do business in their country...look at Argentina these days.  

This has to be a simbiotic relationship.   I think they are trying to figure out how to frame it so that no one, especially the government, looks bad...JMO
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