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Bullboard - Stock Discussion Forum 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... see more

TSX:BK - Post Discussion

Canadian Banc Corp > BK unit nav to Nov 30 =approx: $21.49
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Post by mouserman on Nov 30, 2022 9:29pm

BK unit nav to Nov 30 =approx: $21.49

Pullback in some of the CAD banks hurt BK the last few days, and the gain was only 19 cents since the last update. After distributions of over 22 cents  the commons would have a value of $11.27 and the premium has climbed back up to $2.13 or about  18.9%.
Comment by mouserman on Dec 02, 2022 9:22pm
Quadravest reported BK unit nav @ $21.59 before distributions, so my spreadsheet again was 10 cents low on BK. FTN guesstimate was 15 cents low , and about the worst guess i have made. AT least it was on right side, and a pleasant surprise. BK looking like a buy as well here .
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