Bullboard - Stock Discussion Forum 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... see more

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Canadian Banc Corp > Great divi

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Post by Toppicks1 on Mar 01, 2024 9:30am

Great divi

At over 17% amd also liquidity to move in and out of fairly large positions with out dropping stock price is huge. The reason some of these split funds trade at discounts is you have a hard time getting out if you say own 50k shares and have nice profit. The big boys know this so they don't play in that playground. Most of the ones that trade at a discount to nav don't pay 17% either. Nuff said.

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