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... see more

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TSX:BK - Post Discussion

Canadian Banc Corp > New Press Release - Canadian Banc Corp. Announces TSX Accept

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Post by kurtwalter on May 25, 2023 11:42am

New Press Release - Canadian Banc Corp. Announces TSX Accept

Does this mean that BK will no longer issue new shares through a broker, at a considerable discount to the market price?

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Comment by deisman03 on May 25, 2023 2:50pm

I believe the NCIB is a notice that the company is issuing a notice that they may be purchasing their own shares to take them out of circulation and avoid paying distributions on them, while at the same time enhancing the ''perceived'' value of their stock.

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Canadian Banc Corp