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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Canadian Banc Corp > I'm out for now.

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Comment by NoShoesNoShirton Apr 30, 2024 12:15pm

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Post# 36015034

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

SIR is precarious because restaurants are the first thing cut when people have budget issues. And mouserman says we're heading into hard times as households renew mortgages at higher rates. I'd sell before the new capital gains inclusion.

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