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 > New Conspiracy Theory

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Post by trader99999on Dec 02, 2015 1:55pm

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Post# 24347306

New Conspiracy Theory

Ok, everything that is being reported seems to indicate that the Albanian government is biting off their nose to spite their face and makes no sense. However, everything revolves around money. What if the Energy Minister and the President bought up a ton of Bankers short contracts and then initiated this fiasco. Now that Bankers is threatening to slow down or shut down production, the prices are over $1.00 lower than they were when this started. That could result in a tidy sum depending on the number of short contracts.

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This battery metals stock is on a path to the global stage