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 > UK debt reaches 100% of GDP

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Comment by flamingogoldon Sep 21, 2024 1:45pm

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Post# 36234755

RE:UK debt reaches 100% of GDP

BK doesn't hold UK banks. Sounds like a attempt to knock this down based on your admitted strategy of selling pre-distribution and buying back ex-div.

deisman03 wrote: This could be a dire warning orrr?

Rachel Reeves was yesterday urged to stop talking the economy down – as figures showed Britain's debt pile climbed to 100 per cent of gross domestic product (GDP).

Debt now stands at £2.77trillion and is at its highest level as a percentage of GDP since 1961.

The grim milestone revealed by the Office for National Statistics (ONS) deepened fears that the Chancellor will announce painful tax increases in next month's Budget. But leading economists said that growing the economy was the best way to mend the UK's public finances – and urged caution over potentially damaging tax hikes.

Mohamed El-Erian, chief economic adviser at asset manager Allianz, said the Government would need to take measures 'that will be painful for some'.

But he told the BBC that the only 'good' way out of debt was economic growth.