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Bullboard - Stock Discussion Forum 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... see more

TSX:BNK - Post Discussion

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Post by braincloud on Dec 14, 2015 4:16pm

yikes!

Guys, I have been on the board for a few years now. I understand the story quite well. For sure this story has more moving parts than it did 18 months ago. If worrying about oil wasn't enough then the ALB tax issue comes up just to Fk with your head. It sucks. But try and be objective in your analysis and have a fundamental thesis for oil.
Comment by Allisonbike on Dec 14, 2015 5:12pm
If you are on the board, I hope we are going to get an update on VAT tomorrow, is Bankers getting paid their VAT back? And the Carbon circulation TAX. Is Bankers getting that money back? We used to get updates during the conference calls. I am worried they are bleeding Bankers for cash.
Comment by braincloud on Dec 14, 2015 7:03pm
Not sure what you mean by ' on the board'. If you do just a bit of homework by looking at the 2014 year end and then look at the following 3 qtrs yiu would have found the answer all by yourself The VAT is being paid back and there is still an outstanding number as at the 3rd QTR of $30 mill, which is considered current. The diluent import tax stands at $38 million which looks to me to have ...more  
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