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 > NYCB down 23% today

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Comment by flamingogoldon Mar 05, 2024 3:50pm

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Post# 35916537

RE:NYCB down 23% today

Since you posted the drop... let's follow up. NYCB up 15% so far on a lousy market day.

deisman03 wrote: NYCB down 23% today due to its exposure to real estate.

Canadian banks were up overall today but IMHO, the NYCB debacle is going to be an anchor for price increases and may even cause price to drop below $10, if they have to set aside more cash to cover losses due to mortgage failures.

GLTA the good folks here.

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