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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Comment by deisman03on Jan 27, 2022 3:21am

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Post# 34365541

RE:BK unit NAV to Jan 26= APPROX: $ 24.79

I have taken an average of the closing prices on the last three days of the month to figure out what the distribution will be.

I'm usually pretty close but never right on.

I'm wondering if they have a computer generated amount that actually uses the average of each days prices, rather than the closing price, or whichever is lowest??

GLTA the good folks here

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