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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

Comment by mousermanon May 03, 2024 2:19pm
150 Views
Post# 36022175

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I'm out for now.
Toppicks1 wrote:
mouserman wrote: LFE gave me over a 1 $ in captial gains last run up. and I am back in at abotu 4$ average.... what the % capital gain for BK??? It is not all about collected distibutions, you NEED the whole picture. If you are an active trader  and know BANKS DO NOT have the same advantage  as lifecos in high interest envirnoment,  it is easy to make money.
 I dont own BK and I do own LCS and LFE, Which both trade at discounts, AND that is a parameter i always use. If you are long investor and dontlike to trade , yeah BK will give you distributions..
BUT U may see some capital losses buying here...

Ok I see your reasoning on capital gains and profits. Not sure I buy the fact that you have been buying LFE knowing no divi any time soon. And you stating that market has started big correction.of course that hasn't materialized.

First 2 weeks of April the market corrected.. i did not say it was going to crash for a year...
AND the lifecos got thrown in the trash with the banks... which is also what i said.   I have been buying and trading LCS and LFE since the Central banks finished jacking rates, and realized that the high rates ARE great for lifecos, not so much for the banks.  But i also  have said BK setup is good for those who like the banks , and think longterm....as the payout drops as the share price goes down, which makes it more sustainable than the likes of FTN and FFN.  I do own FTN as they do have a pretty good weighting in MFC and SLF... and i like their yield at nearly 19% and the fact it is trading right at its NAV...
At any rate dont feel bad for me, I have doing allright the past few years...
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