Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

Financial Services Asset Management

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 is ok for a hold

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Comment by marketsenseon May 24, 2024 12:26pm

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Post# 36056090

RE:RE:BK is ok for a hold

Thanks for that fg. I also am more of a div guy but now and again make a swing
trade if values seem temporarily out of whack. DGS did exactly that yesterday and
today. My strategy there is to hold a core but trade 1/2 in and out. BK being less
volatile is strictly hold and collect. Mouserman is a swing trader so his comments
are slanted towards that strategy. Nothing wrong with either. It's all about comfort
zone and ones needs and abilities.

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