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.

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Canadian Banc Corp > Interesting exchange of Thoughts

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Comment by deisman03on Jun 20, 2022 2:44am

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Post# 34768068

RE:RE:RE:RE:RE:RE:RE:Interesting exchange of Thoughts

Donwaan wrote: Sorry, that didn't work very well! I just checked though and PIC. A has consistently paid a quarterly dividend since Jan. 31, 1997. For brief periods it has been reduced to 10 or 15 cents from it's usual 20.319 cents per quarter but it has always paid a distribution There is no NAV threshold policy for the distributions to be stopped.

I'm just going by the stockhouse quote sheet which only goes back ten years.

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