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.

TSX:BK - Post by User

Canadian Banc Corp

<< Previous

Bullboard Posts

Next >>

Post by deisman03on Sep 13, 2023 1:33am

189 Views

Post# 35633104

re red herring

You need to be careful with that idea. It can come back to bite you.

Don't fall in love with this investment vehicle.

Then again, I might be completely wrong, I don't have all the information but I've ridden this bus before and the same bumps are still in the road.

GLTA the good folks here.

<< Previous

Bullboard Posts

Next >>

Drilling company poised to capitalize on market conditions