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 > profit tax

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Comment by wallop13on Jan 21, 2016 9:19am

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Post# 24479976

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:profit tax

What the Albanian government doesn't understand is that right now Bankers needs about $50 (100 million ish capex) brent just to maintain production. Bankers will now need to prove they can grow at a decent rate with these new taxes/tax rules (given that we may be sub $60 brent for at least a couple years). Based on what the gov thinks is their fair share for 2011, this could be a substantial future tax increase.

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Cross border trading in Canada and Australia