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.

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Canadian Banc Corp > BMO downgraded

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Comment by deisman03on Jul 31, 2024 9:16pm

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Post# 36157448

RE:RE:BMO downgraded

Hopefully you're right, but IMHO, it's more wishful thinking. Those rate cuts aren't going to come fast enough for a lot of people.

The only way the banks can smooth things out is to cut their own rates for such things as mortgages.

Time will tell all

GLTA the good folks here

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Osisko Development receives permits for Cariboo Gold Project