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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.


TSX:BK - Post by User

Canadian Banc Corp > BK new issue candidate
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Comment by deisman03on Apr 06, 2023 9:28pm
118 Views
Post# 35384235

RE:RE:BK new issue candidate

RE:RE:BK new issue candidateThere comes a time when you have to ask "why" there is such a high premium and if it, along with the payout is sustainable. 

30+% is to high and they have to do something to correct it. 

That means they have to raise cash to make the distribution payments and given the present market situation that can only come from further dillution. 

GLTA the good folks here
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