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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 Aug 21, 2023 11:06am
125 Views
Post# 35597821

Getting whacked

Getting whackedFinancials are getting a beating because the 10 year treasuries are selling off. 

That triggers all sorts of fears and the sell off goes from there. 

One or even two big sellers can be nothing more than a one off after liquidating an "estate'' 

It's when you get a half dozen of the large holder dumping that you worry. 
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