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 > I'm out for now.

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Comment by flamingogoldon Apr 30, 2024 1:51pm

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Post# 36015343

RE:RE:RE:RE:RE:RE:RE:RE:I'm out for now.

An economic slowdown is inevitable at some point, but will be nothing close to the total lockdowns of covid. Remember those days? I'd rather not. Anyway, on the other side of economic contraction is expansion again. Central banks now have 5 points of easing ammunition if needed to fight any slowdown.

NoShoesNoShirt wrote: SIR is precarious because restaurants are the first thing cut when people have budget issues. And mouserman says we're heading into hard times as households renew mortgages at higher rates. I'd sell before the new capital gains inclusion.

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