Under the distribution policy announced in
Preferred shareholders will receive prime plus 1.50% with a minimum rate of 5.00% and a maximum rate of 8.00%.
Since inception Class A shareholders have received a total of
The Company invests in a portfolio of six publicly traded Canadian Banks as follows: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank. Shares held within the portfolio are expected to range between 5-20% in weight but may vary at any time. To generate additional returns above the dividend income earned on the portfolio, The Company engages in a selective covered call writing program.
DistributionDetails | |
Class A Share (BK) | |
Preferred Share (BK.PR.A) | |
Record Date: | March 28, 2024 |
Payable Date: | April 10, 2024 |
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www.canadianbanc.com
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Source:
2024 GlobeNewswire, Inc., source