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 > $57 million tax dispute

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Comment by braincloudon Dec 08, 2015 4:10pm

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Post# 24366491

RE:RE:RE:RE:$57 million tax dispute

Listen Sheit for brains. If you have something factual to add, then I'm all ears. I think its YOU that doesn't understand so you'd rather throw something provocative out there to see if someone can prove you wrong. I understand fully how the "cost recovery" works within the confines of the BNK agreement. I'd suggest that your next post has a link, a copy of a PDF, or a report by a qualified analyst or a step by step reasoning by your own hand or you'll be tossed on the ignore heap along with the rest of the vermin.

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