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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 feb 02 = approx: $19.62
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Post by mouserman on Feb 02, 2024 5:34pm

BK unit nav to feb 02 = approx: $19.62

So Quadravest reported the BK UNIT NAV to be $19.65 after distributions, and once again i was high on my spreadsheet. So either overestimated the % or something has changed or  USD/CAD exchange differed....??
Today the value of the commons would be $9.62..  last trade @ $10.41 means the premium is 79 cents or about  8.2 %.  not a bad value here with some much safety...  might need it if more commercial debt starts to hit the regional banks. CAD banks will sell off in sympathy if thaat happens.
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Canadian Banc Corp