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 > How to buy Public Offering

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Comment by deisman03on Jan 25, 2023 5:37pm

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Post# 35246485

RE:RE:RE:RE:How to buy Public Offering

Ouch Ed. I hope for your sake that you're right.

I'm thinking with the nice distribution there should be a 25 cent pop from here and if I play my game right, I should be able to sell and maybe collect the distribution at that price, then pick them up lower after ex dis day or wait for the rate hike backlash to purchase again.

GLTA the good folks here.

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