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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.


TSX:BNK - Post by User

Comment by flintabatteyon Feb 26, 2016 12:28pm
131 Views
Post# 24598967

RE:OMG

RE:OMGSounds like you are really blowing hot air somewhere.....I think it's just his/her new med.....seriously, do your OWN due diligence, READ the materials on the website AND READ the Albanian newspapers (google does a readable translation). The news reported is a little slanted, but clearly the politicians are puffing about a renegotiation of the leases "stripping their country of its natural resources", and their tax department is howling about how foreign companies are "committing fraud" regarding the country's rightful incomes. So, you should read the agreement, then understand why a bigger company like Shell has a better chance with the gov't and a smaller company like BNK gets pushed around. By the way, I lean heavily that PWC will ultimately support the bulk of BNK's expenses, not all, there will always be some that are challengeable.
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