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Bullboard - Stock Discussion Forum 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... see more

TSX:BK - Post Discussion

Canadian Banc Corp > BK unit nav to Nov 15 = approx: $21.32
View:
Post by mouserman on Nov 15, 2022 5:33pm

BK unit nav to Nov 15 = approx: $21.32

So BK showed a gain of about 62 cents since Oct 31 and should be around the 21.32  level in UNIT NAV. Value of the commons would be $11.32 before distributions.
Premium  would be  about $1.76 with the last trade @ $13.08
Yield just under 15% at that level . Premium would be  15.5%
Comment by hsbc11 on Nov 16, 2022 1:15am
This post has been removed in accordance with Community Policy
Comment by lewise20 on Nov 16, 2022 8:54am
thanks
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