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.

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Comment by flamingogoldon Apr 25, 2024 9:29am

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Post# 36006824

RE:RE:RE:Positive Posts

I'm not Muslim nor is anyone in my family. This blog writes about halal mortgages.

"For the record, Muslim-friendly home loans are a nothingburger. They don’t give borrowers an advantage. They level the playing field. They do not mean Sharia law is being imposed, enacted or considered. You are not being threatened."

https://www.greaterfool.ca/2024/04/21/the-sharia-scare/

NoShoesNoShirt wrote:
deisman03 wrote: You 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.

This is the first time I've heard anything about government or cpp providing halal mortgages. It better not cost cpp or government any money. I'm ready to be outraged.