Bullboard - Stock Discussion Forum 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... see more

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TSX:BK - Post Discussion

Canadian Banc Corp > BK unit nav to March 23 = approx $19.73

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Post by mouserman on Mar 23, 2023 10:39pm

BK unit nav to March 23 = approx $19.73

So that makes the commons worth $9.73 before distriutions , which are substantial.
Premium before distributions would be $3.63 or about 37.3 % before distribuions.
getting pricey especially on a down market. Be prepared for some profittaking and shortsellers attacks coming up.

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Comment by Markyp on Mar 25, 2023 6:24am

Really appreciate the nav updates on all these quadravest split funds. I am just learning about this so hope this isn't a stupid question. What are the potentials when a split fund has this much premium? Also ftn has a quite large premium. Are we looking at these splits coming down in value even though they are still paying? I sold ffn when there was a premium yet was surely not going to be ...more

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Comment by mouserman on Mar 25, 2023 10:59am

My guess is that there is very little potential for capital gains in the current banking contagion situation. Has affected the CAD banking stocks a little, but if one of the big 6 has troubles with holding too many govt bonds and treasuries, look out below.

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