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.

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Canadian Banc Corp

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Post by deisman03on Aug 31, 2023 3:41pm

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Post# 35614458

Longs keeping price up

I will agree to disagree with your statement about the longs keeping the price up.

I agree that the price is being kept up by longs but not in a manner that I would like to see.

The price always gets a bit of a boost when Quadravest purchaces units from the market to fill the DRIP requirements.

Once those units are purchased, all bets on where the price will go are off.

I don't want to rain on any dreams here but there could easily be another 10% or more correction from here, likely twice that much until things settle down.

IMHO the entire market is being far to optimistic.

GLTA the good folks here

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