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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

Comment by deisman03on Sep 18, 2024 6:56pm
61 Views
Post# 36230043

RE:FED cuts a 1/2

RE:FED cuts a 1/2Yup, more people are looking beyond the hype and trying to figure out why .5% 

It's a bit to early for such a sharp cut. 

It doesn't give a good signal to many folks. 

Usually such a sharp cut means they've waited to long or something else has caused the economy to deteriorate more than expected and they don't know the answer, or won't adimit it. 

On the other hand, it may all just be political pressure, both in the US and Canada, which isn't supposed to happen, buttttttt????????
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