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Bullboard - Stock Discussion Forum 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... see more

TSX:BK - Post Discussion

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Post by Toppicks1 on Nov 23, 2023 9:48am

Market

As of late seems to disagree with you as FTN been stronger then BK. Time will tell as alway thanks for your opinion. If the US ever thinks that the fed may cut rates which I don't think they will. It's just if the talking heads promote that senecio the us banks will fly hence so will FTN.
Comment by mouserman on Nov 27, 2023 3:20pm
FTN commons share price has risen, but the UNIT  NAV has not. When the monthend report comes, FTN will be down since the 15th of NOV.... if this action continues or is even flat for the last few days of the month. BK will lower distributions to commons as the UNITR NAV fassl  , FTN will not. And that is NOT good news for FTN common share holders.  Collected dividends from holdings ...more  
Comment by mouserman on Nov 27, 2023 3:22pm
Sorry for the typing , old fingers on a new keyboard is never good. LOL
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