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 march 28 = approx: $20.655 before dist.

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Mar 28, 2024 4:57pm

234 Views

Post# 35959086

BK unit nav to march 28 = approx: $20.655 before dist.

After 19.5 cents worth of dist are factored in the UNIT NAV would be at about $20.46
Commons would than be valued @ $10.46 .. and the last sale at 10.72 means the premium is low @ 26 cents. The distribution for next month to be paid in MAY to BK commons will be 13.49 cents based on the final 3 trading days of March.

<< Previous

Bullboard Posts

Next >>

Morning Market Outlook for May 2, 2024