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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 > Nice move
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Comment by deisman03on Mar 25, 2024 10:04pm
132 Views
Post# 35952076

RE:Nice move

RE:Nice move Don't get to excited yet. 

Ex div day is only a few days away and this uptick is normal. 

The important days to watch for rising prices will be from the 28th on into the next week. 

If the price keeps increasing through that period, after the ex div drop, things will usually go well from there, unless something unforeseen happens 

GLTA the good folks here. 
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