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.

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Canadian Banc Corp > BK high payout = almost 25 cents monthly

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Post by mousermanon Mar 30, 2023 12:37pm

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Post# 35369504

BK high payout = almost 25 cents monthly

Lot to ask for BK to keep up paying out these kinds of distributions in a volatile sideways market. CAD bank stocks have bounced back , but not sure this will be the trend going forward. Govt is taxing these companies heavier , and it will eventually kick in as investors find other more lucrative places to invest.

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