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

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TSX:BNK - Post Discussion

Big Banc Split Corp > to be clear

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Post by braincloud on Feb 09, 2016 2:15pm

to be clear

1. Audit process by independent auditor completed before quarter end 2. Mediation between the ALBS and BNK on cost recovery items. ie. included, excluded and modified items 3. Disclosure near quarter end. As we speak I think a good result will have little impact as oil stays lower. That said, if oil has a nice rally it could be a whole new ball game. It's kind of binary.

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Comment by good40 on Feb 09, 2016 3:44pm

If BNK wins arbitration but still agrees to pay $57 million this year and have it allocated towards future liability...it wouldn't be regarded as a good result, imo. Might be the only way to keep them happy.

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Big Banc Split Corp