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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

Comment by deisman03on Apr 30, 2022 11:55am
134 Views
Post# 34644824

RE:RE:RE:Apr 29 Estimated Common NAV @ 12.15, Premium @ 18.9%

RE:RE:RE:Apr 29 Estimated Common NAV @ 12.15, Premium @ 18.9%Thanx again. 

The way Splits work, can be confusing. 

Not that I disagree with you, things just feel different presently. 

Anyway, I don't feel comfortable with the swings we're presently experiencing and I'm out of the markets for now. 

Of course, I will be looking for a new entry point. 

I've never been good at picking bottoms or highs, so I'm not expecting any spectacular gains. 

The very odd time, I manage to sell at the high and buy on or very close to the lows. 

Tried to sell BK at its high and put in an all or nothing offer to sell condition. In perfect hind sight, that was a mistake at that particular time. I felt the price still had a bit more to go and was wrong. 

Anyway, that day, no one was purchasing 10k units in one go, so nothing sold and of course, the price went into decline the next day and hasn't really stopped. 
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