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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 bagoon Dec 03, 2015 6:21pm
172 Views
Post# 24352361

RE:RE:Wow....

RE:RE:Wow....what conclusions. All their production is in Albania and if they don't operate there the company is finished. Not sure what legal action BNK could take or under what type of contracts they have but the Albanians can maybe say that any legal binding agreements could now be void if there was any actual tax evasion going on. Nothing out of management to assure as the business will be stable no matter what comes out of this and it's obvious the market is spooked due to the dramatic selloff. As of right now we have no clue if the company is even pumping any oil out of the ground. Some kind of statement is needed to stop the bleeding....glta
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