Canadian Banc Corp is a CA-based company operating in industry. The company is headquartered in Toronto, Ontario. The company went IPO on 2005-07-15. Canadian Banc Corp. is a Canada-based mutual fund. The investment objectives of the preferred shares are preferred shareholders are entitled to receive a cumulative preferential floating rate monthly dividend at an annual rate equivalent to the prevailing Canadian prime rate plus 1.5%, with a minimum annual rate of 5% and a maximum annual rate of 8% based on the $10 repayment value. The investment objectives of the Class A shares are to provide holders of Class A shares with monthly cash distributions targeted to be at a rate of 15% annualized based on the volume weighted average market price of the Class A shares for the last 3 trading days of the preceding month and to pay the original issue price of those shares on the termination of the Company. The company may also invest up to 20% of the net asset value in equity securities of Canadian or foreign financial service corporations other than the core holdings. Quadravest Capital Management Inc. is the investment manager of the Company.
Follow-Up Questions
What is the price performance of CNDCF stock?
The current price of CNDCF is $9.96, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Canadian Banc Corp?
Canadian Banc Corp belongs to N/A industry and the sector is N/A
What is Canadian Banc Corp market cap?
Canadian Banc Corp's current market cap is $388.6M
