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 > Had this sent today. Buffett warning about banks.

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Comment by deisman03on Aug 16, 2024 11:21am

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Post# 36182646

RE:RE:Had this sent today. Buffett warning about banks.

Nope, not any such thing, on my part.

I have no reason to attempt to tip the scales one way or the other, as I am not in love with this investment vehicle, as some people on this thread are.

I put that out because it was sent to me yesterday as a reminder to be careful when so much hype is being distributed by the talking heads.

Poo Pooing Mr Buffett's strategies is never a good idea, at least without doing a lot of due diligence. He's not always right, but when he is, there is a lot of money to be made.

GLTA the good folks here.

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