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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.P.A

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 deisman03on Apr 30, 2024 2:51am
70 Views
Post# 36014052

RE:RE:RE:RE:I'm out for now.

RE:RE:RE:RE:I'm out for now. You understand a big part of it. Capital preservation is a hard lesson for many folks to learn and understand the importance of. 

Brokers not so much, because they are playing with "other people's money"

Once the little light was turned on, the absolute simplicity of it sunk in and I haven't looked back. 

Yes, I've sold to soon and missed some big profits, but the reality of my situation is that I'm very comfortable with my circumstances and never have to worry about where the money to fill the gas tank, pay the insurance, pay the monthly heat/electric bills etc, is coming from. 

If I want an offshore or out of country or a special type of vacation, it's not a big deal to afford it. It may not be all five star but it's always available. 

I don't live beyond my means and investing the way I do, ensures those means have a broader spectrum. 

GLTA the good folks here. 
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