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 > Distribution Cut in the breeze???????????

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Comment by 43andRetiredon Oct 02, 2023 12:31pm

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Post# 35665170

RE:Distribution Cut in the breeze???????????

If Quadravest raised divy from 10% to 15% then I'm sure they have their finger on the button now for going back to 10? Over the course of its life this seems to bounce back nicely

deisman03 wrote: Distribution cut in the breeze??? or rumors of it???

Maybe it's the full moon????

This split can't keep on bleeding cash in the form of ROC, that's akin to losing their base capital, which inhibits their ability to pay the distributions as well as their ability to invest in a manner to keep up.

GLTA the good folks here.