What is Canadian Banc Corporation?

CANADIAN BANC CORP. is an investment corporation designed to pay monthly cash dividends. It invests in a portfolio consisting of six Canadian banks. The Corporation offers two classes of floating rate securities, a Class A (BK) and a Preferred (BK.PR.A).

What is Canadian banc fund?

The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. The fund was formerly known as Canadian Banc Recovery Corp. Canadian Banc Corp. was formed on May 25, 2005 and is domiciled in Canada.

What is Canadian banc's monthly dividend?

TORONTO, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13975 for each Class A share and $0.06667 for each Preferred share. Distributions... Canadian Banc (TSX:BK:CA) declares CAD 0.1611/share monthly dividend.Payable Oct. 10; for shareholders of record Sept. 29; ex-div Sept.

Is Canadian bank stock a good investment?

Fears over the financial health of European banks are also mounting, with Deutsche Bank shares slumping 14% following a spike in credit default swaps. Investors should have no fear holding Canadian bank stocks because the sector is stable, with strict federal policies and protection measures.