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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

Post by deisman03on Nov 22, 2023 12:03pm
106 Views
Post# 35748591

Shorting

ShortingDepending on how wide the spread of the short is, it could be a good quick in and out bet. 

Why they would put on that short a week before the distribution ex date?????

Must be a wide spread short for someone with deep pockets as they get to pay the distributions on the units they borrow to short. 

IMHO, the price of this investment vehicle is right where it should be, not to high, not to low with a decent NAV. 

GLTA the good folks here
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