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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 > Termination questions
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Comment by EdPaquetteon May 05, 2024 1:27pm
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Post# 36023942

RE:Termination questions

RE:Termination questions Very unlikely to be terminated.  Quadravest makes money by having assets under management. 
TheBigW81 wrote: If in 2028 they dont extend the life of this what would class A roughly get? Or just sell on the market if they decide to terminate?


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