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 annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.

TSX:BK - Post by User

Canadian Banc Corp > BK UNIT NAV to Jan 21 = APPROX: $ 24.65

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Post by mousermanon Jan 21, 2022 4:13pm

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Post# 34344639

BK UNIT NAV to Jan 21 = APPROX: $ 24.65

SO BK has lost about 70 cents since the update not so long ago, exactly a week ago.
That puts the commons at a value of $14.65 before distributions... and that is almost exactly where it finished today.
Hope for a bounce next week perhaps and maybe take a stab at buying it back.
Ex divvy date isnt until jan 30th i believe

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