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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

Post by deisman03on Jul 13, 2023 6:30pm
288 Views
Post# 35540317

Don't worry, it will be OK???

Don't worry, it will be OK???Not hardly. 

Sometimes you can't see the waterfall coming but usually, the signs are there. 

Holding on and risking most of your capital just doesn't make good sense to me.

The first thing that will turn me off on a broker is when they state "IN THE LONG TERM'' 

The reason they state that is to absolve themselves from the repercussions of BAD ADVICE. 

Profit is profit. Maximizing profits are up to the individual. Brokers seldom pay any attention to small or intermediate investors and concentrate on where the big money is to be made, such as accounts with a million + dollars. 

Small time investors need to do their own due diligence and take control of their own investments through ''self'' directed accounts. 

When a ten dollar stock drops 70%, no matter its previous track record, unless you have something tangible, not a ''gut'' feeling, move on. 

Bad things can and do happen to good investment vehicles, often through management changes or ownership changes. 

When certain investment vehicles become cash cows, someone with extremely deep pockets picks it off and rapes all of the easy cash to other accounts, then drops it or dillutes the price to a point it becomes a loser, without any hope of revival. 

BK doesn't appear to be such and investment vehicle at this time. 

It's happened with similar investments before. 

If this trust were mainly composed of US banks, which they do have some exposure to, I wouldn't invest in it. 

GLTA the good folks here
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