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 > anyone have a calc for next month's dividend ?

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Comment by mousermanon Nov 02, 2022 3:40pm

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Post# 35067585

RE:RE:anyone have a calc for next month's dividend ?

As per SW trading stats, the average price in the last 3 days of OCTOBER trading was $13.027, which works out to 16.28 cents for the distribution that will be paid in December. That is up from 16.088 to be paid in November.

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