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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

TSX:BK - Post Discussion

Canadian Banc Corp > BK unit nav to Sept 26 = approx: $18.90 before DIST.
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Post by mouserman on Sep 26, 2023 5:34pm

BK unit nav to Sept 26 = approx: $18.90 before DIST.

So commons have a value of about $8.67 after distributions are factored in. The selling today will make ex divvy date selling much less of an issue ... Even so the premium is still  $ 2.81 or about  32.4 % after distributions are factored in.
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