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 mousermanon May 28, 2024 10:07am

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Post# 36060169

RE:RE:BK is ok for a hold

Well my average with trading is at about 4$, so i dont know how you figure things, but i am making a lot MORE than 28% .. and 28% is the annual yield if it continues to pay.. not the history of the payout of distributions when interest rates were near 0%.

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