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 > Looking Good

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Comment by LordIskanderon Dec 07, 2015 3:58pm

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Post# 24362748

RE:RE:RE:RE:RE:RE:RE:Looking Good

Speaking of excise tax:

Look at this clusterfook from the Albanian courts: BNK sues the Tax Authority in 2012 and wins.

https://energjia.al/images/Vendim_Gjykata_Bankers_Petroleum_2012.pdf

So BNK gets a $20MM assessment for excise tax on diluent imported because the Tax Authority argues that you are exempt from excise ONLY if you use the diluent for drilling not for exploration.

Nickle and diming was present under both administrations: the difference is that these new guys are completely INSANE!

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Visionstate set to leverage success in the U.S. market