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Canadian Banc Corp  

(Public, TSE:BK)   Watch this stock  
Find more results for BK
12.80
+0.10 (0.79%)
Apr 25 - Close
TSE data delayed by 15 mins - Disclaimer
Currency in CAD
Range 12.68 - 12.82
52 week 9.20 - 13.55
Open 12.76
Vol / Avg. 25,377.00/12,340.00
Mkt cap 104.97M
P/E     -
Div/yield     -/10.09
EPS     -
Shares 8.27M
Beta 1.25
Inst. own     -

Address

77 King Street West Suite 4500 Stn Toronto Dom PO Box 341
TORONTO, ON M5K 1K7
Canada
+1-416-3044443 (Phone)
+1-416-3044441 (Fax)

Description

Canadian Banc Corp is a Canada-based mutual fund company. The Company's investment objective of the preferred shares is to provide holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 0.75%, with a minimum annual rate of approximately 5.0% and a maximum annual rate of over 7% based on original issue price. The investment objective of the Class A shares is to provide holders with monthly cash distributions targeted to be at a rate of approximately 10% annualized based on the volume weighted average market price of the Class A shares for the last three trading days of the preceding month. It invests in a portfolio of common shares, which will include Canadian chartered banks. It may also invest up to 20% of the Net Asset Value in equity securities of Canadian or foreign financial services corporations other than the core holdings. It is managed by Quadravest Capital Management Inc.

Officers and directors

S. Wayne Finch Chairman of the Board, President, Chief Executive Officer
Peter F. Cruickshank Chief Financial Officer, Director
Laura L. Johnson Secretary, Director
Michael W. Sharp Independent Director
John D. Steep Independent Director
William C. Thornhill Independent Director