Canadian Banc Corp T.BK

Alternate Symbol(s): T.BK.PR.A | CNDCF

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.

TSX:BK - Post by User

Canadian Banc Corp

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Post by mousermanon Apr 20, 2022 5:58pm

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Post# 34618259

BK UNIT NAV to April 20 = APPROX: $ 23.56

After today BK's UNIT NAV has jumped 40 cents since April 14 update....and now the premium is 1.20$ , or 8.8%... At one point today the commons price had jumped up over 15$....and i moved the ask up for those i hold. Of course the holdings backed off a bit end of day, and would have ended up being a good trade.

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