Canadian Banc Corp T.BK

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

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Comment by yellon Mar 23, 2020 4:23pm

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Post# 30839141

RE:RE:RE:Quadravest update BK UNIT NAV @ 16.45 after distributions

will not pay for the A because they took the 20th for declaring the dividend. Wath a bunch of scammers. All the other split they took the 13. So that is why they only declared it today.Anyway won't make a big difference.

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