Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
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

Privacy Policy | Disclaimer

Sign In

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

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
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

Canadian Banc Corp > Banks dipping again
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(143)
•••
Comment by Eoj123on Jul 21, 2022 2:57pm
100 Views
Post# 34841284

RE:RE:RE:Banks dipping again

RE:RE:RE:Banks dipping again
deisman03 wrote: My post was more of a discussion query than a prediction, should have clarified. 

There are institutions with large holdings of BK for the income stream and for the most part, from what I can see, they haven't been selling in significant volume, other than when we were over $15.00

In this volatile market condition, it can be difficult to play the swings, especially with trusts like BK, which has or had a lot of cash waiting for something to invest in. 

When they spend that cash on aquisitions of bank stocks, their NAV goes up. 

I likely bought back in to early but IMHO this one is a buy and hold, until things settle down and the swings are more predictable 


Thank you for your thoughts. My question is , how do you deal with or manage the risk of the overnight offerings which always seem to erode the stock price. ?

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities