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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 braincloudon Mar 09, 2016 1:42pm
61 Views
Post# 24639665

RE:RE:RE:RE:RE:RE:RE:RE:TD upgrades..

RE:RE:RE:RE:RE:RE:RE:RE:TD upgrades..To answer the first part. Have you read the Petroleum Agreement yet? You'll answer your own question if you have. When I say a few items, I literally mean a few mill more or less, as was done in prior audits that the ALB tax department did. There have been prior challenges to the items that were put into the Cost Recovery Pool over the years. How is there no revenue? They are still selling oil aren't they? It's the lack of profits on the oil they sell. Royalties are still paid! Roughly 11% on ALL oil sold. Check the cost breakdown on the last operations report. Look at the Cost Recovery pools reported on their quarterly reports. It's a separate report in their financials. They are all there year by year and quarter by quarter along with where they spent the money. Yes, as far as I know all capex and opex is added to the cost recovery pool. READ THE AGREEMENT. It's on the web site.
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