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 > Nice move

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Comment by Toppicks1on Mar 27, 2024 9:30am

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Post# 35955081

RE:RE:RE:RE:Nice move

deisman03 wrote: Why settle for 15% when you can still take advantage of the capital gains as well as doubling the distribution?

If you're actively watching this, and doing your own trading, what benefit is there in buy/hold?

Only takes a couple of minutes to put in a sell when it peaks just before the ex distribution date, and another minute to put in a buy a few days after or longer if you prefer.

I'll take 30% over 15% any time it's being presented.

I have no idea what you call a "position"

Are you going on about a few hundred units or thousands.

If you're trading through a broker and aren't trading a couple of thousand or more at a time, then buy and hold is a decent strategy as commissions will burn up profits in a hurry.

GLTA the good folks here.

GLTA the good folks here.