Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.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 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 > difference in Nav between Mouseman and Pileofshit

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Mar 12, 2022 11:31am

138 Views

Post# 34508957

RE:difference in Nav between Mouseman and Pileofshit

splitendfun wrote: Hi guys I read your posts quite often and appreciate you helping us all out in figuring out the current nav.

I'm curious though as to why there is such a discrepency beteen your Nav estimates?

Thanks so much and look forward to hearing from you :-)

At Feb 28th BK held 15% in cash. One could speculate that they bought more of the holdings and lowered the cash positon in the past 11 days.. i havent done that. AS all the stocks are measured for NAV calculations in CAD$$ one much take the USD vs CAD exchange into account.
This , I believe is the list of current holdings for BK and % of the NAV
TD 13.8%
BMO 13.5%
RY 13.2%
NA 12.9%
BNS 11.7%
CM 11%
MS (US) 3.3%
GS (US) 2.4%
JPM (US) 1.8%
BAC (US) 1.4%

<< Previous

Bullboard Posts

Next >>

DRI Healthcare stock drops 28% after executive changes