Canadian Banc Corp T.BK

Alternate Symbol(s): T.BK.PR.A | CNDCF

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 FEB 28 = approx: $21.18 before distributions.

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Post by mousermanon Feb 28, 2023 5:45pm

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Post# 35311029

BK unit nav to FEB 28 = approx: $21.18 before distributions.

So a loss of 43 cents of the unit nav that was reported on Feb 15, means the commons have a value of 10.94 after distributions are taken for commons and preferreds.
last trade @ 13.66 means the premium is $2.72 or about 24.8%

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