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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

Canadian Banc Corp > Had this sent today. Buffett warning about banks.
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Comment by mousermanon Aug 16, 2024 4:49pm
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Post# 36183428

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

RE:RE:RE:RE:Had this sent today. Buffett warning about banks. And by the way BK has 5 US banks, and BAC is one of those.  at last Quadravest report BAC was 4.8%... they are minor holdings , but altogether add up to over  16.6 % of the NAV..
Here is the link:
https://www.quadravest.com/_files/ugd/78f11d_971c387bcd324438b634733d5f929d63.pdf
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