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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 Investability00on Oct 18, 2024 11:15am
127 Views
Post# 36271666

RE:RE:RE:RE:BK unit nav in realtime @ approx; $21.74

RE:RE:RE:RE:BK unit nav in realtime @ approx; $21.74One of the things I like about BK is the small increase in distribution as the price goes back up. The safety is huge when markets go down is the other. FTN is my biggest one. Lately I've been into Harvest ETF NVHE hopefully that works out great. GLTA.
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