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 rixpixon Aug 19, 2024 6:46am

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Post# 36185460

RE:RE:RE:RE:Banks start reporting next week

deisman03 wrote: IMHO, not nearly as safe, and you could lose a substantial amount of your capital doing so.

Some feel it's safe but paying the distribution and losing the capitol doesn't make sense for me.

GLTA the good folks here.

Lose a "substantial" amount from a preferred?
FTN, maybe but the .PR.A?? How so??

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