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Bullboard - Stock Discussion Forum Canadian Banc Corp T.BK

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

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... see more

Bullboard (TSX:BK)

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Post by itsthehitmanon Oct 26, 2023 9:18am

Selling all shares

Banks  continue to get crushed and killing the financial markets...will miss the divi...only got 2 years or 2 dollars a year so break even at 12bucks share. Glta 
Post by mousermanon Oct 25, 2023 7:42pm

BK unit nav to OCT 25 = approx: $17.92

So the spreadsheet showing a loss of 59 cents or so. Big cash position has kept it from being a lot worse. However the commons now have a value of about $7.72 after distributions are figured in. SO ...more  
Comment by mousermanon Oct 25, 2023 7:32pm

RE:BK continues to pay 15%

True it is still 15% based on the last 3 days of the previous month. Next month the distributions will be reduced again, as its very likely the last 3 days of October will be considerably lower than ...more  
Comment by deisman03on Oct 25, 2023 4:08pm

RE:BK continues to pay 15%

But GUESS WHAT, 15% of the present price is much lower and it's mostly return of capital, soooooooo????? GLTA the good folks here
Post by kurtwalteron Oct 25, 2023 12:13pm

BK dividend reduced

31-Oct-23 0.13975 - 0.06667 0.20642 29-Sep-23 0.16113
Post by mousermanon Oct 25, 2023 11:11am

Cad financials suddenly turnaround to green...

Wow wait about 15 minutes and the tide turns... BOC putting interest rates on hold helping the Canadian banks, but not the CAD so much. Also new home sales in the US surprised to the upside.. Also in ...more  
Comment by mousermanon Oct 25, 2023 11:06am

RE:BK unit nav to OCT 24 = approx: $17.93

Actually LBS has a higher premium than i had figured, as I had not updated thre UNIT NAV to OCT 19 , so LBS premium before taking into account the preferreds offering, was over 30%. It would be the ...more  
Post by mousermanon Oct 25, 2023 9:06am

BK unit nav to OCT 24 = approx: $17.93

BK showing a loss of 58 cents since the OCT 13 update... despite the big cash position they have. Could have been a lot worse. BK common shares have a value of  $7.73 after distributions are ...more  
Comment by mousermanon Oct 24, 2023 1:48pm

RE:Goes up GREEN in the morning but turns out RED in afternoon

Yes lots of people trying to catch the falling knife and buy up early in the day, sending the price of the commons higher than it should be. Now some are doing some early tax loss selling it seems ...more  
Post by AL9999on Oct 24, 2023 12:44pm

Goes up GREEN in the morning but turns out RED in afternoon

Goes up GREEN in the morning but turns out RED in afternoon 
Comment by mousermanon Oct 23, 2023 5:11pm

RE:RE:BK getting some dividend buying

Well the gains eroded as the day ended and only 2 of the 6 CAD banks up and all of BK's US holdings down. BK's UNIT NAV today ended @ $18.05  ( a loss of 46 cents since oct 13) and ...more  
Post by mousermanon Oct 23, 2023 1:01pm

FTN unit nav in real-time @$15.66

Spreadsheet showing a loss of  39 cents since the OCT 13 update. Not sure if cash has changed or weightings.. will know more after the update in the frist week of Novemeber. Sold off my remaining ...more  
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