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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 PATRICK24SERon Dec 04, 2015 2:58pm
124 Views
Post# 24355754

long

longas i see it we will be here for the forseeable future sadly as we have effectively agreed to pay the 57 million penalty ....... its good not to have the possibility for shutdowns or capping in production , but we still are paying the 57 million , the good i see is we pay monthly and we should be able to cover the cost with our profit ..... my question is if the arbitration is found 100 percent in our favour how will we get the money back ,,, looks to me like the albs are scrambling for cash to fund the goverment ..... long term i still see a huge upside for this company but cant see a divident for at least 4 yrs ...... need to fund the costs in hungary first .... then a share buy back then possibly a divedent .....also where is the dave to tell us how he magically got back in at .95
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