Canadian Banc Corp T.BK

Alternate Symbol(s): T.BK.P.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 > SEDAR Preliminary Short Form Pro

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Comment by EdPaquetteon May 12, 2023 7:40pm

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Post# 35446519

RE:RE:SEDAR Preliminary Short Form Pro

You won't lose anything if you hold it 3 months past the offering. But in those 3 months the premium dries up. Or gets sucked up by quadravest.

Inglewood wrote: Please excuse my ignorance, but can someone explain how an Offering affects the share price and split corp in general? My impression was that it was just an equity raise and total NAV will rise in porportion to the number of new shares bought... so no change in NAV per share. Is this correct?

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