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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 SueBee2772on Oct 03, 2023 10:55am
112 Views
Post# 35666804

RE:Increase assets??????

RE:Increase assets??????A little while ago I was saying I don't think this will recover, at least not for quite some time. Other split shares have paid for years then got to a terminal point, and this could be nearing that point. I also have an unscientific rule about stocks and funds. If a stock, or in this case class of funds, split shares, start behaving "weirdly" like there is unprecedented trading volume or a normally stable price becomes unhinged or it's falling on days the rest of the market isn't and is simply behaving in erratic ways that particular investment has somehow fundamentally changed and it's time to exit. This fund does well in a rising market, but in a falling one the distributions will keep shrinking as the share price falls. 
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