Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Kadiddelhopperon Jun 17, 2022 9:06pm
128 Views
Post# 34766223

RE:RE:RE:RE:RE:Brutal

RE:RE:RE:RE:RE:BrutalTHank-you Anubis.... the best explanation for cause and effect upon Splits that I have read... and I read plenty.
 It is your conciseness without ramble that instructs so very well.

  When I discovered Splits, I thought I'd found the perfect Investment esp those which employ the 3-day, month-end pricing average to set the Div for the month following. Fed rate rises illustrate well that every sort of Investment is vulnerable to the sways of the Fed Rates.
 
 For all the contributors, mouserman, Ed Paquette, Pile of Excrement, yourself Anubis, as well as Others, I extend my appreciative THanks for all you do, and especially for your indulgence of a 6-8 month Newbie attempting to understand the vagaries of the Splits. Your good nature and patience sets this Board well above the many others I peruse.

 Still interested in a couple of Splits beyond BK... DS and ENS , but extremely careful and principally standing-by while the sentiment and charts are in a " correction" mode.
   GLTA    rabbl !
<< Previous
Bullboard Posts
Next >>