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.

TSX:BK - Post by User

Canadian Banc Corp > BK unit nav to AUG 28 = approx: $19.49

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Comment by kurtwalteron Aug 29, 2023 12:13pm

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Post# 35610010

RE:RE:BK unit nav to AUG 28 = approx: $19.49

Canadian Banc Corp. At-The-Market Equity Program Renewed: Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution.

Does that not mean that BK won't be issuing shares below the market price, as it did in the past?

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