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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.P.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 Aug 09, 2022 10:09pm
93 Views
Post# 34883555

RE:BK unit NAV to AUG 9 = approx: $21.05

RE:BK unit NAV to AUG 9 = approx: $21.05On the FTN board you state that you feel it is one of the most reasonably priced Splits out there. 

Without trying to create conflict, I don't feel the same way.

FTN is a very decent Split at this time but I don't feel it's any better than BK, quite the opposite. 

BK has very different basket of investment vehicles than FTN and IMHO, offers far more stability than FTN during short term (1year) downturns in the markets. 

I have nothing against FTN and I own some of its units as well. BK is better and safer, even with the high payout rate. 

Good Luck to all the good folks here

This thread hasn't been invaded yet by the emotion junkies that are under the false impression that our little group is going to initiate any real change in the positive/negative value of this investment vehicle.

I really appreciate not having to wade through dozens of replies of self entitled/self centered comments.
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