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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 27, 2024 7:47pm
118 Views
Post# 35956865

RE:RE:RE:RE:RE:RE:Nice move

RE:RE:RE:RE:RE:RE:Nice move
deisman03 wrote: I was just passing on advice given to me by much bigger players than you and I. 

It's not infallible, but it works far more often than it doesn't and you don't get caught in a precipitous drop on bad news or market whims. 

GLTA the good folks here

Well each to their own. I own my shares at 10.25 and I just qualified for my 4th dividend. Which is collectivly 52 cents. So you cans say I own it at 9.75. I will continue to hold. I have very large position so moving in and out is not as easy as if you only have a few thousand shares. My largest holding is eit.un have owned it for years and may never sell it. Have over 3$ in capital gains in it and have received probably 4$ a share in divis. So buy and hold strategy works for me.  GLTA.
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