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 > Bought more BK at the end of the day

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Comment by EdPaquetteon Aug 19, 2023 9:05am

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Post# 35596132

RE:RE:RE:RE:Bought more BK at the end of the day

SueBee2772 wrote: I noticed there was a theme today of split shares and funds getting hit. Gdv was down 1.17% lbs 1.62% lcs 5.43% DHS 2.68%. It's not confined to the banking sector though. Ens was down 2.06% and ytsl was down 2.28%. The last two aren't in banking at all and ytsl ins't a split share. Bitcoin is also having a selloff. I can't help wondering if it's simply that people are pulling money out of riskier investments or the market in general.

Even bigger down was PDV, which just went below 15 nav. PDV was down 13%

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