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Bullboard - Stock Discussion Forum Canadian Banc Corp T.BK

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

Financial Services Asset Management
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

TSX:BK - Post Discussion

Canadian Banc Corp > Distribution Cut in the breeze???????????
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Post by deisman03 on Oct 02, 2023 11:27am

Distribution Cut in the breeze???????????

Distribution cut in the breeze??? or rumors of it???

Maybe it's the full moon????

This split can't keep on bleeding cash in the form of ROC, that's akin to losing their base capital, which inhibits their ability to pay the distributions as well as their ability to invest in a manner to keep up. 

GLTA the good folks here.
Comment by 43andRetired on Oct 02, 2023 12:31pm
If Quadravest raised divy from 10% to 15% then I'm sure they have their finger on the button now for going back to 10? Over the course of its life this seems to bounce back nicely
Comment by Ganyman61 on Oct 02, 2023 12:35pm
They do sell covered calls on some of the shares to generate income how much I don't know also don't know if they are at the money or out the money calls?
Canadian Banc Corp