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 > BK unit nav to Nov 15 = approx: $21.32

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Comment by lewise20on Nov 16, 2022 8:54am

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Post# 35102666

RE:BK unit nav to Nov 15 = approx: $21.32

mouserman wrote: So BK showed a gain of about 62 cents since Oct 31 and should be around the 21.32 level in UNIT NAV. Value of the commons would be $11.32 before distributions.
Premium would be about $1.76 with the last trade @ $13.08
Yield just under 15% at that level . Premium would be 15.5%

thanks

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