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

<< Previous

Bullboard Posts

Next >>

Post by deisman03on Aug 06, 2024 7:59pm

145 Views

Post# 36166765

Carry Trades

Something else to be considered, interest rates in the US/Can. are all interconnected.

There is usuall something happening to the availability of money going on somewhere when the VIX does a hockey stick spike.

Most of us here, including myself, weren't paying attention to one of our largest trading partners, Japan. They raised their interest rates last week, which if I would have been astute enough to pay attention to, had a Tsunami effect on the "CARRY TRADES"

Some people saw this coming, personally, in this case I have 20-20 hindsight

GLTA the good folks here