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 > FED cuts a 1/2

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Post by flamingogoldon Sep 18, 2024 2:18pm

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Post# 36229448

FED cuts a 1/2

I would have liked a 1/4. Now the market is going to scratch it's head and ask why?

I don't think it's a panic moment but it's the market and anything is possible. Markets are riding quite high right now and looking for anything to sell off on. Either way, BK will do just fine and continue paying regardless. I am in this for the monthly income more than the cap gains, the latter which I see as a bonus.

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