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 > BK unit nav to May 10 = approx: $20.35

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Comment by deisman03on May 16, 2024 3:39pm

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Post# 36044121

RE:RE:RE:RE:RE:RE:RE:BK unit nav to May 10 = approx: $20.35

Nope, I'm sitting on cash.

My buy/sell the swings doesn't work every time and I missed the window this time.

I'm up slightly over 18% so far this year, so if I miss one, I'm not going to get worried about it.

Right now, this thing is rising on speculative momentum, driven by the star of lower interest rates.

It's a great train to ride, until it isn't.

If interest rates don't get cut, this vehicle will either get stuck in a range or maybe tank a couple of dollars.

This is just all IMHO of course.

GLTA the good folks here

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