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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 marketsenseon Jun 18, 2022 7:51pm
139 Views
Post# 34767098

RE:RE:Thoughts

RE:RE:ThoughtsI see your point.   That is valid to some extent,  however when I think of what BK
represents,  a proxy for the banks,  a recession will affect the banks which is likely
the outcome of more aggressive rate hikes.  That will be bad for the banks as well
as the market.   That is my view and others will have theirs.  If I'm wrong I would 
rather err on the side of caution.  If I'm right,  then I'll be buying lower still.  Good
exchange of views and gives us all lots to think about.  
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