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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 DEC 5 = approx: $21.07
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Post by mousermanon Dec 05, 2022 5:34pm
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Post# 35152081

BK unit nav to DEC 5 = approx: $21.07

BK unit nav to DEC 5 = approx: $21.07SPREADSHEET  showed a loss of 30 cents since the NOV 30 update.
Last sale @$13.27 means a premium of $2.20 on the commons or about 19.8 %.
Considering the safety in BK , not a bad valuation, but also not a bargain imo.
Next distribution will ( to be paid in January) will be 16.835 cents per share. Average sale price in the last 3 days of November was  $13.468.
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