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.
Quote | Canadian Banc Corp (OTCMKTS:CNDCF)
Last: | $8 |
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Change Percent: | 0.0% |
Open: | $8 |
Close: | $8 |
High: | $8 |
Low: | $8 |
Volume: | 100 |
Last Trade Date Time: | 07/25/2024 03:00:00 am |
News | Canadian Banc Corp (OTCMKTS:CNDCF)
TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. ("the Company") announces that its semi-annual financial statements and management report of fund performance for the six months ended May 31, 2024 are now available on the Company's website at www.canadianbanc.com and will also b...
2024-07-17 09:51:55 ET More on Canadian Banc Dividend scorecard for Canadian Banc Read the full article on Seeking Alpha For further details see: Canadian Banc declares CAD 0.1358 dividend
Message Board Posts | Canadian Banc Corp (OTCMKTS:CNDCF)
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TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. ("the Company") announces that its semi-annual financial statements and management report of fund performance for the six months ended May 31, 2024 are now available on the Company's website at www.canadianbanc.com and will also b...
TORONTO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. ("the Company") announces that its annual financial statements and management report of fund performance for the year ended November 30, 2023 are now available on the Company's website at www.canadianbanc.com and will also...
TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13250 for each Class A share and $0.06667 for each Preferred share. Distributions are payable March 8, 2024 to shareholders on record as at February 29, 2024. Under the distr...