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 26= APPROX: $ 24.79

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Post by mousermanon Jan 26, 2022 11:52pm

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Post# 34365413

BK unit NAV to Jan 26= APPROX: $ 24.79

My spreadsheet updated has BK losing about 56 cents since the midmonth update.
SO puts the value of the commons at about $14.79 before distributions.
The last 3 days of the month of January will determine the monthly payout to commons in March, for the month of FEB.

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