Hello. Can you tell me how Canadian Banc Corp. can have such a high yield when they just hold Canadian banks? Are they a buy or hold? I am enjoying the Inner Circle. Thanks.

Canadian Banc Corp. is a split-share company with two types of stock: capital shares ($12.85, symbol BK on Toronto) and preferred shares ($10.26, symbol BK.PR.A on Toronto).

The company holds shares of the six biggest Canadian banks.

Split-share companies typically issue two classes of stock. Usually the… Read More