Canadian Banc Recovery Corp: Regular Monthly Dividend Declaration for Class A and Preferred Share

Canadian Banc Recovery Corp: Regular Monthly Dividend Declaration for Class A and Preferred Share

ID: 47909

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/18/11 -- Canadian Banc Recovery Corp (formerly Prime Rate Plus Corp) ("The Company") declares its regular monthly distribution of $0.06250 (5.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (3.00% as at August 15, 2011) plus 2% annually. The Company also declares its regular monthly distribution of $0.04167 (5.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. An annual Class A and Preferred share payment of 5.00% is the minimum payment as per the prospectus. Distributions are payable September 9, 2011 to shareholders on record as of August 31, 2011.

Since inception Class A shareholders have received a total of $5.56 per share and Preferred shareholders have received a total of $3.48 per share inclusive of this distribution, for a combined total of $9.04 per share.

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 will engage in a selective covered call writing program.





Contacts:
Canadian Banc Recovery Corp
416-304-4443
Investor Relations
Toll free at 1-877-4-Quadra
(1-877-478-2372)



Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  TDb Split Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share Dividend Select 15 Corp.: Monthly Dividend Declaration
Bereitgestellt von Benutzer: MARKET WIRE
Datum: 18.08.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 47909
Anzahl Zeichen: 0

contact information:
Town:

TORONTO, ONTARIO



Kategorie:

Personal Finance



Diese Pressemitteilung wurde bisher 173 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Canadian Banc Recovery Corp: Regular Monthly Dividend Declaration for Class A and Preferred Share"
steht unter der journalistisch-redaktionellen Verantwortung von

Canadian Banc Recovery Corp (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Canadian Banc Recovery Corp. Class A Share Rebalancing ...

TORONTO, ONTARIO -- (Marketwire) -- 01/12/12 -- Canadian Banc Recovery Corp. ("Canadian Banc") announces a Class A share subdivision for all Class A shareholders of record on January 17, 2012 that will increase the number of shares held b ...

Alle Meldungen von Canadian Banc Recovery Corp



 

Werbung



Facebook

Sponsoren

foodir.org The food directory für Deutschland
Informationen für Feinsnacker finden Sie hier.

Firmenverzeichniss

Firmen die firmenpresse für ihre Pressearbeit erfolgreich nutzen
1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z