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 > BK preferred share div increase

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Post by oldtrustguyon Sep 20, 2022 12:04pm

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Post# 34973962

BK preferred share div increase

BK raised the dividend again on the preferred again.

Sept .05792
Aug .05167
July .05167
June .04333
May .04167
.04167 was the rate before going back.

We will have to keep a eye on the NAV going forward. They have
a very high payout for BK and BK .PR.A

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