Canadian Banc Corp T.BK

Alternate Symbol(s): T.BK.P.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.

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Canadian Banc Corp > Nav after Friday?

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Comment by mousermanon Aug 21, 2023 10:49am

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Post# 35597785

RE:Nav after Friday?

UNIT NAV would be about $19.51, a loss of 18 cents since the AUg 15 update.
Commons would carry a value of $9.51 before distributions. Yield today would be up around 17% considering the distribution you would get in September. But because the share price is trending down (AND needs to pay out about 23 cents in distributions in early September ) the October payout to commons will likely come in around 15 cents instead of the 16.5 cents currently.

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