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 UNIT NAV to AUg 21 =about $19.44

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Comment by SueBee2772on Aug 22, 2023 4:48am

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RE:RE:BK UNIT NAV to AUg 21 =about $19.44

As an alternative to sbc, I'd recommend an etf like bank.to or bkcl or bkcc or even hmax. Some of those are newer and there could be erosion of capital or dividend cuts in future, but you still get the high yield without the $15 nav rule to worry about.

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