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 > Banks start reporting next week

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Comment by deisman03on Aug 17, 2024 1:54am

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Post# 36183903

RE:Banks start reporting next week

Play the swings instead.

Buy a core holding of BK.PR.A for a steady monthly income and a speculative amount of BK commons right after ex div day, then sell just before the next ex div day.

Usually you can double what you would make holding for the distribution and you have the safety of cash.

It works well for me, but I have the time to watch the day to day moves.

GLTA the good folks here.

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