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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

Post by Toppicks1on Nov 23, 2023 9:48am
252 Views
Post# 35749873

Market

Market As of late seems to disagree with you as FTN been stronger then BK. Time will tell as alway thanks for your opinion. If the US ever thinks that the fed may cut rates which I don't think they will. It's just if the talking heads promote that senecio the us banks will fly hence so will FTN.
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