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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

Financial Services Asset Management
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 > Swiss central bank becomes first to cut rates
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Post by Donwaanon Mar 21, 2024 2:21pm
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Post# 35945516

Swiss central bank becomes first to cut rates

Swiss central bank becomes first to cut ratesThe global rate-cutting cycle was started on Thursday when the Swiss National Bank made a quarter-point reduction in rates that took markets by surprise. ECB, BOC and FED will soon too. https://www.marketwatch.com/story/swiss-national-bank-makes-surprise-rate-cut-sending-franc-lower-b01f2ba8?mod=home-page
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