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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Comment by mousermanon Sep 23, 2022 10:48am

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Post# 34981722

RE:BK preferred share div increase

Preferreds are definitely getting more attractive here.... altho BK was keeping quite a big cash position since the last offering was filled. Hard to watch these safer split fund commons take a beating today.

oldtrustguy wrote: 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