Canadian Banc Corp T.BK

Alternate Symbol(s): T.BK.P.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.

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Canadian Banc Corp > Jun 29 Estimated Common NAV @ 10.75, Premium @ 27.7%

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Comment by Experiencedon Jun 29, 2022 8:32pm

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Post# 34792423

RE:Jun 29 Estimated Common NAV @ 10.75, Premium @ 27.7%

PileOfShit wrote: Jun 29 estimated ex-dividend combined NAV: 20.75, +0.06%.
Preferred NAV: 10.00 (no dividend accrued). Premium: 0.07 for $10.07.
Common NAV: 10.75, +0.01 (+0.09%). Premium: 2.97 (27.7%) for $13.72.

Yep

Why anyone would pay 27% more than something is worth is beyond me.

Buying this stock at these valuations is highly risky.

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