Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

Financial Services Asset Management

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

Canadian Banc Corp

Bullboard Posts

Comment by wolverine99on Dec 17, 2018 8:28pm

58 Views

Post# 29126905

RE:Any thoughts on this?

I am looking at it to, but all funds are getting hammered at the moment. This is a Split Share so wait until the next Valuation comes, likely by Wednesday to see where it stands in respect to the $15 NAV level ( should be petty safe, it has lots of room). Then its a case of trying to guess the bottom, that is always a gamble!

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week