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 July 11 = approx: $20.27

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Comment by flamingogoldon Jul 12, 2024 8:03am

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Post# 36129787

RE:RE:RE:BK unit nav to July 11 = approx: $20.27

Not much ever escapes a US crash since it's the leading global economy. I'm still in the soft landing camp. Canadian banks are still in recovery mode, which is why I posted their % changes in the last 2 years.

However, I think a general market correction of up to 10% is to be expected over the next year and would be healthy to clear the deck. Banks, like everything, will feel the pinch but will inevitably bounce back and BK will most likely pay entirely through the storm. I still hold a sizable chunk of cash in money markets ready to deploy when that storm arrives again. But timing... all out and all in on equities at just the right moments, is practically impossible to nail.