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Bullboard - Stock Discussion Forum
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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TSX:BK - Post Discussion
Canadian Banc Corp
> Preferreds pay around 8%
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•••
EdPaquette
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Post by
EdPaquette
on Mar 27, 2023 4:07pm
Preferreds pay around 8%
I bought preferreds here. Banks would have to drop 50% before it cuts into my nav.
(5)
•••
Markyp
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Comment by
Markyp
on Mar 28, 2023 1:41pm
Ya this seems to be a safe bet. With 8% why not
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