Canadian Banc Corp T.BK

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

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

Canadian Banc Corp > BK

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Comment by deisman03on Mar 21, 2023 6:58pm

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Post# 35352483

RE:BK

My buy in costs were under $5/unit. When they went over $12/unit, it became far more profitable to play the swings, rather than just wait for the distributions.

Things are just to volatile right now and the market movers and shakers are playing a dangerous game, that is running on risky emotions instead of being rational.

We live in dangerous financial times at present.

When things stabilize, I'll start trading again.

Right now I'm comfortable with 100% cash.

GLTA the good folks here

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