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 > Brompton SPLT

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Comment by AnEducatoron Feb 29, 2024 1:51am

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Post# 35905644

RE:Brompton SPLT

SPLT's assets have increased by ~$12,900,000 since January 31st. If they purchased 200,000 shares of BK.PR.A, it would represent ~15.5% of this increase, more than twice the 7.3% weighting as of their last update.

Could you kindly provide the source of this information?

Thx!