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 > Last offering..

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Comment by Eoj123on Apr 01, 2022 5:22pm

91 Views

Post# 34568800

RE:RE:Last offering..

So pardon me for beating a dead horse here but which is the bigger indicator, a premium on the perferred nav or a premium on the class A nav or is it just a plain old combined nav premium? Also, with the volume almost nonexistent on the preferrered, does that come into play?

Thank you

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