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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 flamingogoldon Apr 30, 2024 11:20am
70 Views
Post# 36014853

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

RE:RE:RE:RE:I'm out for now.
EIT, while not a split, and BK are solid holds. They fluctuate like all equities but are a perfect fit for those seeking stable monthly distributions without the need to flip in and out to goose their payoff which requires a lot of time and effort and not for everyone.
 
On the other hand, the splits like DFN, DF, FFN and LFE are much more sporatic in payment and require much more investor oversight.

Toppicks1 wrote:
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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