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 > Mar 15 Estimated Common NAV @ 14.27, Premium @ 3.6%

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Comment by gribbs2on Mar 16, 2022 11:21am

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Post# 34518457

RE:Mar 15 Estimated Common NAV @ 14.27, Premium @ 3.6%

how did the distributions go up so much in the last 6 months? are they safe at these levels
and will keep paying? thanks.

28-Feb-22	0.18788	-	0.04167	0.22954
31-Jan-22	0.17600	-	0.04167	0.21767
31-Dec-21	0.17025	-	0.04167	0.21192
30-Nov-21	0.16188	-	0.04167	0.20354
29-Oct-21	0.10125	-	0.04167	0.14292
30-Sep-21	0.10383	-	0.04167	0.14550
31-Aug-21	0.10167	-	0.04167	0.14333
30-Jul-21	0.10267	-	0.04167	0.14433
30-Jun-21	0.10175	-	0.04167	0.14342
31-May-21	0.09417	-	0.04167	0.13583
30-Apr-21	0.09183	-	0.04167	0.13350