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 > Almost zero premium

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Post by NoShoesNoShirt on Oct 03, 2023 11:50am

Almost zero premium

I calculate current unit nav 18.04

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Comment by mouserman on Oct 03, 2023 12:05pm

yes Current UNIT NAV is about $18.03 ... so values the commons at $8.03 ... last price was $9.42 for BK commons , so premium is still north of 17%... Not many split fund commons trading at premiums above 10% at this point.

150

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Comment by NoShoesNoShirt on Oct 03, 2023 12:57pm

I may be new around here, but my calculations within a penny of mouse. Traderform you can eat me, because you removed the "almost" from the header.

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Comment by mouserman on Oct 03, 2023 1:47pm

By the way just did realtime on FTN , down 11 % last i looked and joined LCS , as the 2 stocks above the 15$ threshhold for paying that actually trade at a significant discount. LCS just barely $15.10 here, and FTN at about $15.67 UNIT NAV.

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Canadian Banc Corp