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

Canadian Banc Corp T.BK

Alternate Symbol(s):  T.BK.PR.A | CNDCF

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.


TSX:BK - Post by User

Comment by deisman03on Aug 09, 2022 11:47pm
92 Views
Post# 34883655

RE:RE:RE:BK unit NAV to AUG 9 = approx: $21.05

RE:RE:RE:BK unit NAV to AUG 9 = approx: $21.05The Lifecos have to invest the money they bring in from their clientelle. This makes them much more vulnerable than the Banks, which are far more diversified, both internally and internationally. 

Recently TD announced the take over of a US financial facility. 

This sent ripples of fear throughout Canadian bank stock holders and some sold off as the NAV of TD was dilluted. 

Some people are saying TD now has to much US representation, etc. 

Time will tell. I think it's a good move for the long term but may have been made a bit prematurely. 

I buy in and out of FTN for the same reason you do. 

Looking at their long term chart, they are in a continuing decline since before the Pandemic scare and have only been flat lining over the past year, with a few ripples. 

IMHO, it's not an investment vehicle to hold as depending on the interest sensetivity of their holdings, it can tank very quickly, with little or no warning. 

If it drops another buck, I might consider purchasing a couple of K for a longer term hold. 

The distribution is very nice though, but losing that amount in share price isn't really a gain. 

BK is down appx 4-5%% this year, FTN has a much more significant fall. 
<< Previous
Bullboard Posts
Next >>