Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 > BEEP! BEEP! BEEP!

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Comment by Allisonbikeon Jan 12, 2016 1:30pm

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Post# 24450502

RE:RE:RE:RE:BEEP! BEEP! BEEP!

Your evaluation is correct, you can buy quality companies on sale. The problem is if you own the stock, like I do you hate to get out here. My hope (I know hope is not a strategy), is that the Bankers management has worked in Albania for a decade and will work through the audit and reach an agreement with the government. They will have to give the Albanian government something to settle. The question is how much?

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