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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

Comment by deisman03on Aug 14, 2024 2:25am
93 Views
Post# 36177934

RE:BK UNIT NAV to AUg 13 = approx; $20.03

RE:BK UNIT NAV to AUg 13 = approx; $20.03Splitting hairs I know but it's closer to 8% or by your numbers 8.3%

Nice safe territory, considering what's happening to banks and trading off shore and out of country. 

Dubai wants to stop the Trillion US dollars per year leaving the country for tax reasons, etc and is starting to require its investment brokers to set up trading in their present stock exchange, rather than on world trading platforms. 

It all has bearing on the Carry trade and especially Crypto, and in the end, if Canadian banks aren't astute enough to keep up, they will be hit hard. 

Very close and thanx for the info. 

GLTA the good folks here
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