Bullboard - Stock Discussion Forum Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

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 June 10 =arrpox: $20.34

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Post by mouserman on Jun 11, 2024 8:07am

BK unit nav to June 10 =arrpox: $20.34

Spreadsheet is showing a loss of about 18 cents in the unit nav, as only NA is showing a slight gain since May 3st of the big 6 CAD banks. Of the minor holdings only BAC and GS squeaked out a minor gain.. BAC went ex divvy in early JUNE. Most of that was actually due to the jump in the USD vs CAD in june. Quadravest appeared to increase the 5 minor US holdings to near 20% as a group.
BK commons have a value of about $10.34 here , and they trade at a premium of 64 cents with the last trade @ $10.98.. plenty of safety cushion here.