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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

Post by mousermanon Nov 15, 2022 9:20am
168 Views
Post# 35099384

BK could get some legs here

BK could get some legs here SHort position was around 1.6% and while that is not large... the losses will be large for those if they are still short on exdivvy date, as they have to pay out the distribution on the shares they are short. AND margin interest has increased , so very expensive to bet the wrong way on high yielding split funds.
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