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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Canadian Banc Corp > ETF Follow Up

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Post by SueBee2772 on Sep 04, 2023 7:49am

ETF Follow Up

I just wanted to let everyone know how it's going since I sold my shares of BK and bought high yield etfs instead. Currently the value of my portfolio is $2185 higher than it would be if I still had BK. My yield is 13.68%, so I'm getting a couple hundred a month less in dividends but the underlying stock is holding its value better. I'm not advising anyone on what they should do with their own money or investments, because I am trading yield for price appreciation. I just wanted to give an update. I still watch the board because in future if I had extra money and BK was doing well I might be tempted to open a small position again, but at the moment my choice seems to be right for me.

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