Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.P.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.

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Canadian Banc Corp > Oil and Canadian Banks

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Comment by SueBee2772on Jun 27, 2023 4:00am

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Post# 35515683

RE:RE:Oil and Canadian Banks

Personally I don't think disaster will strike. This fund paid all but 1 dividend in 2020 when other split shares missed most of the year. At one point oil dropped to 0. Throughout their history they have been a consistent payer. One thing I haven't seen anyone mention is the fact they get a lot of the money back from distributions through reinvestment. A lot of people buy more shares with their dividends. Personally I just don't think catastrophe will strike.

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Ivanhoe Mines initiates Phase 3 concentrator construction