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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

Comment by marketsenseon Sep 27, 2023 12:53pm
158 Views
Post# 35657251

RE:volume low

RE:volume lowLook,  its obvious financials are taking a beating and are out of favor.  So the question
is do you avoid them or see it as an opportunity?  I tend to look at it more as a buying
opportunity.  We are talking banks here and from my recollection every time they have
gone on sale due to any number of reasons the main one being recession,  they have
managed to roar back a within a few years of hitting their lows.  Are they about to cut
their dividends?  I don't think so although its not impossible.  I think the analysts are
doing them a great disservice in avoiding them because the outlook is negative.  This 
in my experience is where investors can capture a great yield and if they are patient,
some outstanding cap gains.  Thats what the analysts should be saying but don't.
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