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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 Apr 24, 2024 11:02pm
102 Views
Post# 36006385

RE:Positive Posts

RE:Positive PostsYou missed the whole point. 

I could care less if you like or don't like my strategy. It works very well for me though. 

The point is this investment vehicle is "lagging" 

WHY IS IT LAGGING?

If you don't watch for the reasons or recognize them when you see them, such as the Liberal government forcing the banks to provide the three types of "Halal Mortgages,"

You're going to take a hit where you least need it. 

I'm hoping they aren't planning on using CPP funds for this endeavor. 

Again, this is just IMHO, do your own due diligence. 

GLTA the good folks here. 


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