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 > BK

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Post by Toppicks1 on Nov 23, 2023 7:36am

BK

Anyone think FTN will do better because they are not in total Canadian banks. U.S. economy seems stronger then Canadas at this point. My view is that the diversification is a better balance in FTN. That and the 22% divi reduces risk quite fast.

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Comment by mouserman on Nov 23, 2023 9:18am

I dont think FTN will do all that great. US govt debt and banks have been downgraded By Moody's and Fitch , in case you missed the news... Last subprime crisis 200 + US BANKS WENT UNDER, none in Canada.

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Canadian Banc Corp