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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

Post by Toppicks1on Apr 23, 2024 10:35am
165 Views
Post# 36003184

Divi

DiviBK announces may divi almost 13.5 cents. Nice to know every month it's on its way. Bought this at 10.25 so having a little capital gain of 60 cents. And a few days from 5th divi combined to apex 65 cents. So 1.25 total or about 13% so far in 5 months. Add 7 more months of aprox 13 cents and you get another 91 cents. Even if BK holds here you get a annual return of 25%. Pretty nice and I expect more capital gains by year end. Enjoy.
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