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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

Financial Services Asset Management
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

Canadian Banc Corp
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Post by AL9999on Oct 02, 2023 12:34pm
143 Views
Post# 35665179

NAV was still above 18 ... as last calculations ...

NAV was still above 18 ... as last calculations ... NAV was still above 18 ...  as last calculations ...  probably still rooms for divs distribution ...  if bleeding stops ... we are still quite away from COVID pandemics lows ... which had brought the stock in 5$ area ...
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