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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

Comment by Toppicks1on Mar 26, 2024 8:35am
111 Views
Post# 35952525

RE:RE:Nice move

RE:RE:Nice move
deisman03 wrote: Don't get to excited yet. 

Ex div day is only a few days away and this uptick is normal. 

The important days to watch for rising prices will be from the 28th on into the next week. 

If the price keeps increasing through that period, after the ex div drop, things will usually go well from there, unless something unforeseen happens 

GLTA the good folks here. 

I'm not in this for short term gains. Bought in around the 10.25 level. 10 or 20 cents up or down doesn't influence my position. Have a large core position and planning on holding for 8 to 12 months. 15% dividend yield is great. I do believe there will also be large capital gains from that 10.25 level.banks should be strong today. Enjoy
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