Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 DBNORTHon Jul 02, 2016 3:09pm
229 Views
Post# 25017096

RE:RE:RE:Quantum of Solace

RE:RE:RE:Quantum of SolaceBankers (French) has done an excellent job with the asset in the last few years.  Managed the water issues that plagued the site, has had a descent cleanup program and introduced the horizontal drilling know-how that others could not have offed at the time.  Bankers may have been bushwacked by the Albanians but French was quick to recognize when Bankers' days were numbered and that there was no going back.  Geo Jade needs him to continue on at Patos-Marinza, at least for a while, and perhaps to apply the technology to the Asian properties.  Although the asset is excellent and I'm convinced there is a lot more oil there to be discovered, Bankers has become a generous extension of Canada's Albanian economic development initiative and the program has run its course.  As for the Albanians, their introduction to free markets was a national Ponzi scheme, seizing an opportunity such as what may have happened with Bankers demonstrates that they are evolving into a more or less legitimate capitalist concern - you are a product of your environment. 
<< Previous
Bullboard Posts
Next >>