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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

Canadian Banc Corp > Banks dipping again
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Comment by marketsenseon Jul 21, 2022 4:52pm
135 Views
Post# 34841634

RE:RE:RE:RE:RE:Banks dipping again

RE:RE:RE:RE:RE:Banks dipping againVery interesting and helpful post from Deisman.  His  insights are thoughtful and useful
in uderstanding more about these trusts and how to play them.  Appreciate the candor
and the analysis. 
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Dealroom for high-potential pre-IPO opportunities