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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 Toppicks1on Apr 30, 2024 9:11am
74 Views
Post# 36014407

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

RE:RE:RE:I'm out for now.
mouserman wrote:
BK , i would be selling , with all 4 CAD banks down, and USD falling vs CAD... so the US holdings not really doing as well as it seems. You got your distribution, and next ex divvy date is a long ways away. MAY is historically usually a good time to sit on cash and buy the bargains.. but again, jmho...

Ya I'm not selling very comfortable holding and getting my divi. They will cut rates sometime and this will trade way higher. I like buy and hold most of the time. Example GAU bought at 1.17 40000 shares trades at 2.25 I have no intention of selling as I think it will go to 5$ over the next 2 years. Each to their own. Timing the market is very hard I find it easier to buy great value and hold. Or stocks with higher then average divis that are secure. EIT.UN have owned for a long time 10 cents a month. Or 9%. Have a large capital gain and don't care has paid the same for 15 years. That 1.20 a year x 15 years. You do the math on flipping. 
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