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 > From PR...

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Post by ImFineThanks on Aug 29, 2016 1:47pm

From PR...

"The $37 million will go back to the Company in which shareholders own equity, as the 2011 tax assessment payments were on the balance sheet as pre-paid tax deposit. The reimbursement mechanism is yet to be determined with the Albanian Tax Authority. We are pleased to have reached the proper resolution on this matter, Bankers as well as the purchasing Company expected a similar outcome. The $2.20/share purchase price will not change."

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