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Canadian Western Bank T.CWB

Alternate Symbol(s):  CBWBF | CWESF | T.CWB.PR.B | T.CWB.PR.D

Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others.


TSX:CWB - Post by User

Comment by tylerreddickon Jun 17, 2024 9:32am
112 Views
Post# 36091838

RE:RE:Buy CWB.PR.B

RE:RE:Buy CWB.PR.B
Puma1back wrote:

 

has that detail been confirmed in the details of the purchase agreement? If so, that is a neat idea!

caution though, should the actual issuer (CWB) redeem the shares you need to sell them the day before otherwise the proceeds would be treated as a taxable $25 dividend per share with the taxes rolling off that type of income. 

tylerreddick wrote: CWB will redeem the preferred shares at par, $25 per share.
So buying them today will give an 8% capital gain in a few months, plus whatever dividends are paid out until then.
Not a bad return for a totally risk-free investment.

 



Not sure you are correct on the payment being a dividend. If they are redeemed, that would be a capital gain.
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