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

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Post by braincloudon Dec 07, 2015 7:17pm

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Post# 24363295

From Jan 2013

Bankers Petroleum Shares Albania Fiscal Terms
Others

Bankers Petroleum in its Jan-2013 presentation shared the oil and gas fiscal terms in Albania. Terms offered are for 25 years (until 2029) with five year extensions. Cost recovery is 100% and profit tax is 50% after a full recovery.

Royalties average 18%, decreasing to 14% over the next five years:
- 10% government royalty
- 1% Albpetrol share of production, which becomes 3% after 1x cost recovery and 5% after 2x cost recovery
- 70% on pre-existing Albpetrol production PEP currently at 1 MBOE/d (declining at 15% per year)
The company holds 100% working interest in Patos-Marinza and Kucova oilfields and 185,000 acres in the Block F exploration acreage.