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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 Jun 16, 2022 6:11pm
112 Views
Post# 34762891

RE:RE:Brutal

RE:RE:BrutalI don't believe this baby is being knocked down by accident. 

It's valuations have been dropping with increasing interest rates, because of their effects on the Real Estate market. 

It will recover IMHO but it will be a long time before it gets back to the $16 peak. 

IMHO the present level we're at right now will be appx where it stabilizes, but not after some more pain is felt. 

I tried to sell yesterday but my price was to high and frankly no one was purchasing the volume I offered. 

Lots of 1k and under sales but only a very few larger sales of significant quantities. 

I believe this trust will do just fine, for those that hang in there for the distributions. 

However, if you can afford to sell and wait for a better entry point, there are some significant profits to be made over the next 6 month or more out by purchasing more of these units at a lower price. 
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