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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 > BK unit nav to May 10 = approx: $20.35
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Comment by flamingogoldon May 16, 2024 9:02pm
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Post# 36044642

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BK unit nav to May 10 = approx: $20.35When central banks pivot, they don't do just one and done. We will see successive cuts. When all is said and done in the loosening cycle it could be between 1-2%. The low rates of covid are not coming back but we won't just get 1 or 2 cuts and that's it.

deisman03 wrote: That's a no brainer so I didn't think it needed to be mentioned. 

There's a fourth, if the rate cut is minimal, just to appease the minds of the plebes, the stock goes higher and many duck out along the way, which will drive the price lower after a couple of months. 

It's a standard "bear trap" model. 

GLTA the good folks here


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