Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silver North Options GDR Silver Project, Silvertip-Midway District, Yukon (click to learn more) Ciscom Corp. Strengthens Its Board of Directors with Addition of Two Experienced Industry Leaders (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Canadian Banc Corp T.BK

Alternate Symbol(s):  T.BK.P.A | CNDCF

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

Canadian Banc Corp > I'm out for now.
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(217)
•••
Comment by Toppicks1on May 01, 2024 11:57am
52 Views
Post# 36017501

RE:RE:RE:RE:RE:RE:RE:I'm out for now.

RE:RE:RE:RE:RE:RE:RE:I'm out for now.
flamingogold wrote: Perhaps a split but what I meant is that unlike Brompton and Quadravest, Canoe doesn't specify a payment threshold to issue a distribution. In weak years they have just lowered the distribution and in strong years they issue a special year-end distribution. As far as I know, it has never been suspended like we often see with Brompton and Quadravest.

"How does the [Canoe EIT Income Fund] determine and support the distribution? Since inception, the Fund has determined the distribution amount and assessed its sustainability based on the return generated from a variety of investment sources, including portfolio dividends, interest, capital gains (both realized and unrealized) and return of capital.  The current portfolio manager has employed a total return investment strategy that generally seeks to generate return from dividend growth securities. Record, payment and ex-distribution dates for each distribution will be provided via news release on a monthly basis."

mouserman wrote: EIT.un sure looks like a split to me... there are preferred shares and common shares that make up the UNIT NAV at least looking at this  from Canoe:
https://factsheets.lipperweb.com/digital/canoe/68196705_en.pdf




i have never seen a reduced dividend in EIT.UN maybe 10 or 12 years ago if ever I have not seen one. Has been at 10 cents without a missed one ever.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities