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 update shows 28% cash @ Jan 31

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Comment by deisman03on Feb 09, 2023 12:26pm

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Post# 35277445

RE:BK update shows 28% cash @ Jan 31

IMHO, unit prices will not get a significant increase until the glow of the recent offering wears off and trade volumes increase from where they are.

Lots of folks just buy this investment vehicle and sock it away for the distributions and don't even bother to look at the ups and downs in the flow, unless they get prompted by such things as a public offering at a reasonable price.

GLTA the good folks here

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