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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

Post by dbeaudeon Dec 03, 2015 6:38pm
254 Views
Post# 24352414

We see that logic does not apply in a state like Albania

We see that logic does not apply in a state like AlbaniaBankers has done an outstanding job. They have a magnificent management team. Faithfully update their corporate presentation every month. Always trying to attract equity investors to help drive demand for Bankers shares. They should poor concrete down all of the wells jump on a plane and get the f out of that nut house. What is shocking me is the complete lack of judgement displayed by the government in choosing such a poor time to try to extract $75 million out of their golden goose If they were confident of their position, would they have waited just a few more weeks so the arbitration process could run its course and the government not reveal itself as lunatic. I am baffled!!!!
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