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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

Canadian Banc Corp
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Post by mousermanon Oct 20, 2023 1:09pm
186 Views
Post# 35693329

BK and FTN down the least of all the split fund commons

BK and FTN down the least of all the split fund commons So far today, most split funds, including LCS are getting trashed, down in big numbers today.
BK currently only down .9% and FTN down about 1.3% as i type this. However both FTN and BK suffering quite large losses in UNIT NAV, but because of higher cash balances as of the last report they are doing better than those split fund shares who didnt go to 25% + cash balances.
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