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.

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Canadian Banc Corp > BK unit nav to Nov 30 =approx: $21.49

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Post by mousermanon Nov 30, 2022 9:29pm

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Post# 35141722

BK unit nav to Nov 30 =approx: $21.49

Pullback in some of the CAD banks hurt BK the last few days, and the gain was only 19 cents since the last update. After distributions of over 22 cents the commons would have a value of $11.27 and the premium has climbed back up to $2.13 or about 18.9%.

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