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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

Big Banc Split Corp > Nationalization of BNK assets on the way ?
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Comment by lefmikeon Dec 02, 2015 11:09am
127 Views
Post# 24346434

RE:RE:RE:RE:Nationalization of BNK assets on the way ?

RE:RE:RE:RE:Nationalization of BNK assets on the way ?The is a possible problem with the information you previded LoudIskander,  Good work finding this however..
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The problem might be is that the agreement  apparently has never been ratified by either country,
its not in force from what I can see.  .
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They are not registered as a signatory, only that they have concluded negotiations and await ratification and therefore there is not legally binding agreement as of yet.
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I wonder why this was not signed ASAP by the Albanians?  Just a thought.
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