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 > Market

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Comment by mousermanon Nov 27, 2023 3:22pm

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Post# 35754979

RE:RE:Market

mouserman wrote:
Toppicks1 wrote: As of late seems to disagree with you as FTN been stronger then BK. Time will tell as alway thanks for your opinion. If the US ever thinks that the fed may cut rates which I don't think they will. It's just if the talking heads promote that senecio the us banks will fly hence so will FTN.

FTN commons share price has risen, but the UNIT NAV has not. When the monthend report comes, FTN will be down since the 15th of NOV.... if this action continues or is even flat for the last few days of the month. BK will lower distributions to commons as the UNITR NAV fassl , FTN will not. And that is NOT good news for FTN common share holders. Collected dividends from holdings barely pay the preffereds, and maybe even a bit short of paying them... so without capital gains for paying the common shares, FTN UNIT NAV could drop really fast in the coming months.

Sorry for the typing , old fingers on a new keyboard is never good. LOL

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