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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

Canadian Banc Corp > BK will be patient here , i believe
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Comment by marketsenseon Jun 11, 2022 8:04pm
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Post# 34749675

RE:RE:RE:BK will be patient here , i believe

RE:RE:RE:BK will be patient here , i believeYes, kind of a double hedged sword.  They lost on their equity valuation but must have 
done very well with their call options.  Call options brings in income and that helps
pay for distributions.   Now will be interesting when they start deploying their cash.
Certainly a great time to have cash while waiting for markets to stabilize.

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